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File Photo: Spanish Prime Minister Pedro Sanchez. /AFP
Spain's government is set to approve an 8 percent rise to the national minimum wage in the election year, Prime Minister Pedro Sanchez told lawmakers on Tuesday.
The increase would represent an additional 93 euros ($100.78) per month, which would bring the new minimum wage to 1,259 euros per month in 12 installments per year.
The move, which comes after average inflation hit 8.4 percent in 2022, is part of a plan agreed under a coalition deal with the left-wing Unidas Podemos to boost the net minimum wage to 60 percent of the country's average monthly pay of 1,944 euros by the end of its four-year term.
Earlier on Tuesday, the government met union representatives to inform them of the hike, but the main employers' associations opposed the increase after advocating a hike of just 4 percent.
Spain will hold a general election at the end of 2023.
($1 = 0.9228 euros)
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Disinformation report hotline: 010-85061466