Bukele proposes raising the minimum wage by 12% in El Salvador

President Bukele Proposes Raising Tax-Free Salary Limit.

President Nayib Bukele has sent a new proposal to the Legislative Assembly to increase the income-tax exemption threshold from $472 to $550 per month, a move expected to directly benefit over 100,000 Salvadoran families. The initiative is part of a broader economic strategy to boost family income and relieve financial pressure amid rising living costs. Announced through President Bukele’s official account on X, the measure aligns with the govern…

The President of the Republic, Nayib Bukele, announced this Monday that he has sent to the Legislative Assembly a proposal to extend the exemption of income tax to all those salaries of up to $550 monthly. According to the president, the initiative will directly benefit more than 100,000 Salvadoran families, by relieving their tax burden and improving their purchasing capacity. “This measure not only represents an economic relief for thousands o…

This Tuesday in Platform's opinion space, the sociologist, Walter Fagoaga, carried out an analysis on the proposal of the 12% increase to the minimum wage on the part of President Nayib Bukele, noting that various sectors of the working class are not satisfied with the percentage increase, due to the economic reality of the Salvadoran population.

The initiative comes after having sent to the National Salary Council the proposal to increase the minimum wage by 12%. EL SALVADOR.- The president of the Republic, Nayib Bukele, reported that this Tuesday he sent to the Legislative Assembly a proposal to extend the exemption of income tax to all wages of up to $550. According to the president, this measure will directly benefit more than 100,000 Salvadoran families. In addition, it will provide…

Bukele proposes raising the minimum wage by 12% in El Salvador

Q24N (EFE) El Salvador’s President Nayib Bukele proposed on Friday to raise the minimum wage for workers by 12% starting in mid-2025, for which he sent a proposal to the intersectoral National Minimum Wage Council. Bukele made the announcement in a post on X, in which he indicated that this increase should apply starting next June in the maquila, industrial, agricultural, and services sectors, which have differentiated wages. After a 20% increas…