The Council of Ministers today approved the raise of the Minimum Interprofessional Wage (SMI) to 900 euros to enter into force in 2019, which means an increase of 164 euros per month.
The Council of Ministers held today in Barcelona has approved a royal decree that will not need convalidación in the Congress of Deputies and that thus complies with the budget agreement agreed with Podemos for next year.
The government's spokesperson, Isabel Celaá, stressed that it is the largest increase of the SMI since 1977 and represents an increase of 22.3%, while benefiting 2.5 million workers.
He pointed out that the Spanish minimum wage is on average with Europe and will favor 56% of women.
With this measure the Executive aims to boost consumption, in addition to this salary increase will mean a higher collection of contributions for Social Security.
The annual SMI will be at 12,600 euros next year.