Today the Government will propose to the social partners a nominal revaluation of remuneration by 4.8% on average, each year, between 2023 and 2026, according to the rent agreement proposal to which Lusa had access.

The objective is to ensure that by 2026 there is an accumulated average increase of 20% in workers’ wages compared to 2022, indicates the proposal for a medium-term agreement to improve income, wages and competitiveness, which will be presented this afternoon at the Social Dialogue.

As assumptions for this purpose, the Government takes into account a medium-term inflation of 2%, according to the European Central Bank, and a productivity rate of 1.5% between 2023 and 2026According to the document.

According to the executive, with the aim of “increasing the participation of the labor factor in the product, converging with the European average, it is necessary to agree on an income appreciation policy” based on inflation, productivity and an “additional salary”. ”.

“Taking these assumptions into account, to achieve the proposed objective, it is estimated that an additional salary of 1.3 pp is necessary. [pontos percentuais] — translating into a nominal appreciation of wages per worker of 4.8% each year, on average, in the years 2023 to 2026”, says the document.

The Government emphasizes that “this additional will mean an increase of approximately 20% in the average income per worker in 2026 compared to 2022”.

Minimum salary must have in 2023 “additional salary” to compensate for inflation

As for the minimum wage, the objective of increasing the value to 900 euros in 2026 is maintained, proposing that in 2023 there be an “additional differential” to compensate for inflation.according to the proposal that will be presented today in the Social Dialogue.

“The value of the guaranteed minimum monthly remuneration will reach the value of at least 900 euros in 2026, safeguarding the purchasing power of workers and ensuring the growth trajectory that began in 2016,” reads the document.

“In 2023, the increase in the guaranteed minimum monthly remuneration must ensure an additional differential to compensate for the impacts of inflation,” the Government states in the document.

The national minimum wage is 705 euros this year.