Delcy Rodríguez has announced that Venezuela will introduce a wage increase beginning May 1, as part of efforts to address years of hyperinflation and economic hardship affecting workers across the country. The promise was made in a televised address on April 8, 2026, though specific figures for the increase were not provided.
Rodríguez described the planned adjustment as a “responsible increase”, emphasising that it would be implemented in a way intended to avoid fueling further inflation. She said the government aims to gradually restore incomes through economic growth, particularly by leveraging revenue from the country’s oil and mining sectors.
Venezuela’s minimum wage has been stuck at 130 bolivars per month since March 2022, equivalent to just a few US cents, despite annual inflation exceeding 600 % and widespread calls from labour unions for substantial wage improvements. Many public sector workers rely on state bonuses to bring their monthly income up to around $150, a sum still far short of the estimated cost of basic food for a family, which stands at roughly $645.60.
Addressing criticism and public frustration, Rodríguez acknowledged past economic “mistakes” and stressed a need for change while urging patience and cooperation from workers and society at large. In response to ongoing economic pressures, several groups have planned demonstrations in the capital to reinforce demands for a livable wage.
Her announcement comes amid broader efforts to stabilise Venezuela’s economy and improve living standards after years of crisis, including negotiations with international partners and steps to attract investment.