Government will cover salary increase of the entire economically productive population

The Sectoral Vice President of the Economy, Tareck El Aissami, stressed that the coverage of the new minimum wage equivalent to half Petro, or 1,800 Sovereign Bolivars, will be applied for workers of all productive sectors of Venezuela:

“Large, medium, small, formal and non-formal workers. We are talking about covering the salary increase of the entire economically productive population by 100%”, stressed the socialist leader on Tuesday in a meeting with private economic sectors.

He recalled that the National Executive will be responsible for covering the differential of this wage increase, which will apply from September, for 90 days so that there is no excuse to increase the prices of goods and services.

“For the State to absorb this burden that we have given, we estimate that in 90 days everything begins to normalize. We are going towards a healthy economy”, he added, while inviting the country’s business sector to increase its productivity.

He also stressed that the process of reconversion of progresses in a positive way towards the transformation of the Venezuelan economy.

“It is a complex process that at heart has the kindness to sincere and transform the economic model towards a model of real economy, not speculation,” he exclaimed during a press conference on Tuesday.

He stressed that the reconversion process, which began on Monday, took into effect without any inconvenience.

“The biggest burden of responsibility will be for the Venezuelan State”, he stressed, while calling for the active participation of the population and the business entrepreneurs.

“Let the Petro mark the economy,” he said.