Venezuelan President Nicolas Maduro announced the salary increase for teachers during his weekly television show.
The Venezuelan leader said Tuesday that the salary increase, which were proposed earlier this month, is part of a series of economic measures aimed to combat an “economic war” being carried out by right-wing sectors of society.
Maduro went on to note that the Venezuelan education system is designed to protect teachers in exchange for their contribution and service to society.
Teachers are the treasure of the country
“Teachers are the treasure of the country because they are responsible for teaching the children of the future,” Maduro said.
Venezuelan Education Minister Hector Rodriguez praised the measure and promised to provide all retired teachers with pension benefits by the end of this year.
As part of the Venezuelan social welfare program, 39,000 of 85,000 retired teachers and school personnel received pension benefits in 2014; the rest will receive them in 2015.
In recent years, the Venezuelan government has made domestic education a key priority within the country’s national development plan.
6.9 percent of its gross domestic product (GDP) in education and technology
In 2014, the Venezuelan State invested 6.9 percent of its gross domestic product (GDP) in education and technology.
The United Nations Organization for Education, Sciences and Culture (UNESCO) ranked Venezuela as the country with second highest university student enrollment in Latin America.
Source: Venezuela Increases Teacher Salaries by 50 Percent TeleSUR