Clipping of news on Brazilian Culture, Law and Citizenship
22/11/2012
This article was translated by an automatic translation system, and was therefore not reviewed by people.
Brasilia - The minimum wage due to come into effect from January 2013 will be R$ 674.95, a gain of R$ 4 for the previously announced expectation of R$ 670.95. The adjustment is due to update the macroeconomic parameters sent yesterday (21) by the Executive to Congress.
The government estimates increased from 5% to 5.63% predicting inflation measured by the National Consumer Price Index (INPC) for 2012, one of the indices used to calculate the adjustment of the value of the minimum.
The new index will be used in the budget proposal for 2013 under review in the Joint Budget Committee of Congress. By the calculations of the Ministry of Planning, the rise of 0.63 percentage points from the INPC will impact R$ 1.243 billion in spending on welfare benefits and care linked to the minimum wage, pensions and the National Institute of Social Security (INSS) unemployment insurance and salary bonuses.
The update continued real growth in gross domestic product (GDP) for 2013, at 4.5%, but lowered from 3% to 2% growth this year. The Budget Guidelines Law (LDO) provides that the Executive send the update of the parameters of the economy. The numbers are used in the evaluation of expenditure and revenue for the next budget.
Source: Agency Brazil
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This article was translated by an automatic translation system, and was therefore not reviewed by people.