Raising the minimum wage in 2024, the government has published a new percentage

O minimum wage in 2024 generates high expectations among Brazilians. Many citizens are looking for information about what the new minimum wage will be in the country next year. So, check now what decision has been taken by the federal government regarding the percentage of floor adjustment.

The prediction is that minimum wage have a reset 7.7% in 2024. This is what was included in the Annual Budget Law (LOA) released by the Ministry of Planning and Budget. At the same time, the national minimum wage in 2024 will be equal 1421 R$. This means an increase 101 R$ compared to the current value.

It is expected that the federal government to make an official announcement about the new minimum wage in early 2024. This will increase Brazilians’ purchasing power and bargaining power. See below what you need to get the new floor approved and started among Brazilians.

Read more about the minimum wage in 2024

The trend is what’s new minimum wage will be approved early next year. The agenda must be approved by the Federal Senate in order to have practical consequences for the lives of Brazilians. It is important to emphasize that the increase of MZP makes corrections in other spheres of service as well.

That’s because many benefits provided by the federal government are based on the current minimum wage. In other words, such help as Continuous Payment Advantage (BPC) and unemployment insurance will be adjusted if the minimum wage is raised. See other benefits that will change after the start of 2024.

Check the part of the benefit that will be adjusted if it increases in 2024

• Continuous Payment Advantage (BPC);
• Accident assistance;
• Program of Social Integration (PIS);
• Public Servant Succession Training Program (PASEP);
• unemployment insurance;
• Retirement floor;
• Assistance for temporary incapacity for work