Brazil: President Lula confirms minimum wage at US$252.9 and income tax exemption at US$505.8

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President Luiz Inácio Lula da Silva (PT) confirmed, on Thursday morning (16), that the minimum wage will be readjusted to R$1,320 (US$252.9) as of May and that the income tax exemption range will rise to R$2,640 (US$505.8).

The announcement was made during an interview with CNN Brasil that will be aired earlier this evening.

In an excerpt released by the channel, the president says that the adjustment is already “agreed with the Ministry of Labor, with Minister [Fernando] Haddad [of Finance], that we will adjust in May and establish a new . . .

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