The Daily Journal.- Venezuela’s acting president announced plans to increase workers’ incomes at four points throughout 2027, pledging that each increase would at least match the economic growth recorded in the preceding quarter.
The president linked the announcement to the ongoing labor consensus dialogue, which brings together the country’s main trade union confederations, business associations, and the national government.
She described the initiative as a dialogue “that remains vital for the country and aims to achieve social justice for our workers.” She also highlighted other ongoing negotiations with economic stakeholders aimed at boosting production and sustaining economic growth.
In this context, she mentioned the signing of 61 hydrocarbon contracts with domestic and international investors under the provisions of the new Hydrocarbons Law, negotiations over 44 additional agreements, and ongoing discussions involving mining, gold, and aluminum.
The acting president also recalled that she had ordered an assessment of nonessential state-held assets that the government could offer to the private sector or return to their former owners. She emphasized that the Constitution protects and guarantees private property rights.
She also cited the approval of legislation to streamline administrative procedures, highlighting progress in simplifying, modernizing, and digitizing the National Integrated Customs and Tax Administration Service (SENIAT).
The acting president acknowledged that many Venezuelans hear these announcements while thinking about their everyday concerns, including electricity, wages, and healthcare.
“They are right. Better laws and institutions mean little to a country if their results do not translate into tangible improvements in Venezuelans’ quality of life,” she stated.
She added that workers demanding higher wages “have the right to make their demands, and we are listening to them.”
In this regard, she maintained that the so-called “rebirth” her administration promotes must produce concrete results.
“That your child can come home, that the power stays on, that your salary covers your needs,” she declared.
She also assured the public that reconstruction efforts continue for homes damaged by the June 24 earthquake and pledged to provide monthly updates detailing what authorities have accomplished, where, and when.
