Brazil Property News: Brazilian property owners get new minimum wage

September 2009 12:51

Brazil's planning minister Paulo Bernado has announced that the South American country's minimum wage will rise by 8.8 per cent in 2010.

The news was released at the 2010 budget proposal which was presented to congress recently.

Minimum wage increases above the rate of inflation, welfare programs and other social policies have helped boost the Brazilian economy since President Luiz Inacio Lula da Silva took charge six years ago.

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