The government set a 23% increase in the minimum wage for 2026, an unprecedented figure that threatens to push inflation up to 6% and force the Central Bank to raise rates. Faced with the collapse of the tax system, Petro declared an economic emergency to raise taxes, a measure rejected by mayors and governors before the Constitutional Court. At the regional level, Maduro’s removal by the US weakened the official narrative and gave new impetus to the center-right.
Historic minimum wage increase and institutional clash
