Venezuela's acting President Delcy Rodriguez announced her government will more than double the minimum wage to $240 per month and increase monthly pension payments by 40% to $70, El Pais reported on April 30.

Rodriguez did not specify how much of the minimum wage increase will be paid via bonuses to avoid a spike in inflation since various aspects of the Venezuelan economy are linked to the minimum wage. Amid hyperinflation, the country's base pay declined from $30 in 2022 to $0.27 in 2026. On April 30, a poll showed that only 31% of Venezuelans approve of Rodriguez, while 77% described the economy as bad. Nongovernmental organizations estimate that protest activity surged 144% in the first three months of 2026 compared with the same period of 2025.

RANE
SUBSCRIBERS ONLY

Expert analysis when it matters most.

Get access to RANE's decision-grade geopolitical intelligence.