The 2026 Budgetary Guidelines (PLDO) bill (PLDO) estimates that the minimum wage will be R $ 1,630 in 2026, an increase of just over 7% over the current level, of R $ 1,518.
According to PLDO 2026, the minimum wage is expected to be:
| Year | Value |
|---|---|
| 2026 | R $ 1,630 |
| 2027 | R $ 1,724 |
| 2028 | R $ 1,823 |
| 2029 | R $ 1,925 |
Source: PLDO 2026
Understand the minimum wage readjustment
Since 2023, the minimum has been readjusted by a formula that provides for the correction of the National Consumer Price Index (INPC) accumulated from 12 months to November plus GDP growth from two years earlier.
But by the end of 2024, the government approved a new rule that limits growth beyond expansion pace for expenses provided for by the tax framework, which is 0.6%to 2.5%, and will be worth between 2025 and 2030. This year, as the 2024 GDP was 3.4%, the minimum advance will follow the limit of the framework this year, 2.5%.
GDP, inflation and more projections
The PLDO macroeconomic parameters grid still foresees a high gross domestic product (GDP) from 2026 by 2.5%. The document includes the forecast of high GDP of 2.59% in 2027, 2.56% by 2028 and 2.59% in 2029.
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The estimate is above the projections of economists according to the Focus newsletter, collected by the Central Bank and released this week, which points out 1.61% in economic activity next year.
The project estimates an IPCA inflation of 3.5% by 2026, 3.1% by 2027, 3% by 2028 and 3% in 2029. Inpc should vary from 3.4% in 2026, 3% by 2027, 3% by 2028 and 3% by 2029.
Selic projection (over rate) was 12.56% next year, 10.09% in 2027; 8.27% in 2028 and 7.27% in 2029. The 2025 PLDO projects an average exchange rate to R $ 5.97 next year; R $ 5.91 in 2027; R $ 5.90 in 2028 and R $ 5.90 in 2029.
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The project also estimates a nominal salary growth of 7.54% next year, 7.03% in 2027; 6.43% in 2028 and 6.08% in 2029.