Portuguese Government Approves Minimum Wage Increase for 2023

Portugal’s cabinet approved an increase in the monthly minimum wage to 760 euros in 2023 from 705 euros, the government said in a statement after the weekly cabinet meeting on Thursday.

• The government also approved an “extraordinary support” of 240 euros in December to some households to mitigate the effects of rising food prices due to the war in Ukraine
• NOTE Dec. 13: Portugal’s Economy to Expand 6.5% in 2022; Prior +6.1%

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