WORLD Portuguese PM announces better wages on Labor Day


Portuguese PM announces better wages on Labor Day

11:34, May 02, 2022

File photo

Portuguese Prime Minister Antonio Costa on Sunday pledged to promote a "reinforcement of the share of wages in the country's gross domestic product (GDP)" to reach the European average.

The prime minister published a chart on his Twitter account comparing the share of wages in Portuguese GDP with the European average during the years 2016 and 2021, in which he led the country's government.

According to Costa, between 2022 and 2026, the weight of remuneration in GDP in Portugal will be increased to 20 percent, reaching the European average.

Labor Day is celebrated on Sunday throughout the Portuguese territory with various demonstrations promoted by the country's trade unions.

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