Government proposes a minimum wage of R$ 1,294 for 2023, without an increase above inflation | Economy

The federal government proposed a minimum wage of BRL 1,294 for 2023, according to next year’s Budget Guidelines Law (PLDO). The document is being sent this Thursday (14) to the Legislature, the last day of the legal deadline.

The value is BRL 82 higher than the current minimum wage, of BRL 1,212, and represents a rise of 6.70% — which is the Ministry of Economy’s forecast for this year’s National Consumer Price Index (INPC), made in March.

The number released shows that the government only intends to replace the loss of inflation in the period, without real appreciation of the minimum wage – that is, above the price variation (see details below in this article).

According to information from the Inter-union Department of Statistics and Socioeconomic Studies (Dieese), the minimum wage serves as a reference for 56.7 million people in Brazil, of which 24.2 million are beneficiaries of the National Social Security Institute (INSS). .

The Budget Guidelines Law establishes the bases for the approval of the budget for the following year and, therefore, provides forecasts of the main economic indicators.

However, if the inflation verified in the accumulated of 2022 is different from the estimated, the government will have to review the value of the minimum wage proposal at the end of the year. The Constitution defines that the increase cannot be less than inflation.

For the following years, the government proposed a minimum wage of BRL 1,337 in 2024 and BRL 1,378 in 2025. These values ​​are just a reference, and can also be changed later.

The value of the minimum wage proposed by the government for next year is corrected only for inflation, that is, for the government’s estimate for the Broad National Consumer Price Index (INPC).

This format was adopted in 2020, when the economic area granted an adjustment only based on 2019 inflation. With this, the government changed the policy of real increases (above inflation) that had been implemented in recent years, proposed by President Dilma Rousseff and approved by Congress.

The policy of readjustments for inflation and GDP variation was in effect between 2011 and 2019, but the minimum wage did not always rise above inflation.

In 2017 and 2018, for example, the adjustment was granted only based on inflation because the GDP of previous years (2015 and 2016) had a retraction. Therefore, in order to comply with the proposed formula, only inflation served as the basis for the increase.

Minimum wage required

According to Dieese’s calculation, the value of the “necessary” minimum wage, however, should be much higher. The entity estimated, for example, that the amount should be R$ 5,997.14 in January this year.

The value corresponds to 4.95 times the current national floor, which rose to R$ 1,212 in 2022.

The Dieese calculation considers the minimum necessary to meet the expenses of a worker with a family of four with food, housing, health, education, clothing, hygiene, transport, leisure and pension.

“The worker paid by the national floor committed on average, in January 2022, more than half (55.20%) of income to purchase basic food products, even with the 10.18% readjustment given to the minimum wage”, he highlighted. the Dieese.

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