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How much was the minimum and maximum that the salary could increase if an agreement was not reached

How much was the minimum and maximum that the salary could increase if an agreement was not reached

He minimum wage of 2025 It was defined by decree. This considers that, after several days of meetings and extraordinary sessions, the parties that make up the salary negotiation table were unable to reach an agreement.

(Read more: Businessmen criticize the consultation process to define the 2025 minimum wage)

In accordance with the calendar established for the negotiation, the National Government had until next December 30 to set the percentage increase. However, President Gustavo Petro decided to reveal the increase established by decree, This being 9.54%, thus remaining at 1,423,500 pesos without transportation aid and 1,623,500 pesos with this subsidy..

How much could the minimum be increased?

In mid-November, the then Minister of Finance, Ricardo Bonilla, indicated that the basis of the discussions It should have been 6.2%. The figure is based on the fact that the country has been making salary adjustments in relation to the value of the Consumer Price Index (CPI) + 1.

Generally, the aim was to ensure that the value of the increase was not below the inflation caused, so that in this way the purchasing capacity of households could be balanced and the purchasing power would be restored in the face of the increase in prices.

(See: There was no agreement on the minimum wage: Government would issue the decree this Tuesday)

Minimum wage

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(Read more: Credicorp’s forecasts for the Colombian economy: how does 2025 ‘look’?)

If this increase had materialized, which translated into an increase of $80,600, The minimum monthly salary for 2025 would have been $1,380,600not counting transportation assistance.

However, that was not the only option. Different sources from the Executive have indicated to the media that the Government could opt for an increase of between 9% and 10%.

Thus, if the increase was 9% ($117,000), Next year’s minimum would have been $1,417,000; while if it was 10% ($130,000), this would have been $1,430,000.

(Read more: The voice of the people: the perception of Colombians about the reality of the country)

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