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Under new laws (2011) all public sector employees in Venezuela have had their remuneration pegged to multiples of the minimum wage, part of the administration's efforts to curb spending, longstanding endemic corruption and improve income equality. The highest grade, which includes the President, is 12 times the minimum wage.

Minimum wage in Venezuela current equates to $3,413 per annum, giving Chavez an annual salary of $US 40,956

http://venezuelanalysis.com/news/6002

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10y ago

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