HomeNewsBriefChavez Promises Military 50% Pay Rise
BRIEF

Chavez Promises Military 50% Pay Rise

VENEZUELA / 27 OCT 2011 BY JEANNA CULLINAN EN

President Hugo Chavez announced a 50 percent salary boost and other benefits for members of Venezuela’s armed forces.

The salary boost will be retroactive from September 2010. Via live broadcast from Maracay, in the Caribbean state of Arauga, Chavez presented 832 members of the armed forces with apartments in a military housing complex.

Additional benefits will include a guarantee of low interest rates, with no downpayment, on the purchase of homes and cars for military members. The pay rise is significantly above inflation, which is expected to reach 30 percent this year.

While the move is likely an attempt to appease the armed forces, an important power base for Chavez, it could also have an impact on corruption in the institution. There have long been allegations that the Venezuelan military colludes with drug trafficking and Revolutionary Armed Forces of Colombia (FARC), and increasing salaries could in theory cut the incentive for elements in the army work with criminal groups.

Compartir icon icon icon

What are your thoughts? Click here to send InSight Crime your comments.

We encourage readers to copy and distribute our work for non-commercial purposes, with attribution to InSight Crime in the byline and links to the original at both the top and bottom of the article. Check the Creative Commons website for more details of how to share our work, and please send us an email if you use an article.

Tags

Related Content

ECUADOR / 10 MAY 2011

A new book published by London-based think tank the International Institute for Strategic Studies (IISS) suggests that Ecuadorian…

CARIBBEAN / 20 MAY 2019

A Venezuelan criminal gang has migrated to the Caribbean nation of Trinidad and Tobago -- sounding alarms about the expansion…

BRAZIL / 12 APR 2018

The 2018 Summit of the Americas will likely see many uncomfortable conversions between nervous politicians -- and perhaps a heavy…

About InSight Crime

THE ORGANIZATION

We Have Updated Our Website

4 FEB 2021

Welcome to our new home page. We have revamped the site to create a better display and reader experience.

THE ORGANIZATION

InSight Crime Events – Border Crime: The Northern Triangle and Tri-Border Area

ARGENTINA / 25 JAN 2021

Through several rounds of extensive field investigations, our researchers have analyzed and mapped out the main illicit economies and criminal groups present in 39 border departments spread across the six countries of study – the Northern Triangle trio of Guatemala, Honduras, and El…

BRIEF

InSight Crime’s ‘Memo Fantasma’ Investigation Wins Simón Bolívar National Journalism Prize

COLOMBIA / 20 NOV 2020

The staff at InSight Crime was awarded the prestigious Simón Bolívar national journalism prize in Colombia for its two-year investigation into the drug trafficker known as “Memo Fantasma,” which was…

ANALYSIS

InSight Crime – From Uncovering Organized Crime to Finding What Works

COLOMBIA / 12 NOV 2020

This project began 10 years ago as an effort to address a problem: the lack of daily coverage, investigative stories and analysis of organized crime in the Americas. …

ANALYSIS

InSight Crime – Ten Years of Investigating Organized Crime in the Americas

FEATURED / 2 NOV 2020

In early 2009, Steven Dudley was in Medellín, Colombia. His assignment: speak to a jailed paramilitary leader in the Itagui prison, just south of the city. Following his interview inside…