Governor of Banco de Portugal has a salary of €17,000 and manages to earn €15,000, stands out on social media
Number publish August 22 on Facebook, Paulo Moraisformer candidate for the Presidency of the Republic and current leader of the Frente Cívica association, spreading the following message: “17,130 euros is Mário Centeno’s salary, governor of the Bank of Portugal. Mario Centeno wins like this 24 times more than the minimum wage. The remaining directors of Banco de Portugal earn ‘only’ 15 thousand. Any one of them earns more than the chairman of the US Federal Reserve. Obscene! Revolting!”
In fact, on February 3, 2022, the newspaper “Expresso” published a news with the following highlighted title: “Centeno salary rises to 17 thousand euros with an increase of 0.9% (thanks to the decision in 2000)”.
“The salary of the governor of the Bank of Portugal was increased in 2022, reflecting the evolution of remunerations in the Civil Service. With the increase of 0.9% decreed by the Government, the salary of Mário Centeno is, in 2022, 17.1 gross 30.40 euros (hence still subject to tax), according to the updated table no place of the banking authority. There is no salary committee validating the new salary this year, maintaining a form of update defined in 2000 and which is not reviewed annually,” the newspaper reported.
“In 2021 and 2020, the governor’s gross monthly remuneration was stagnant in the 16,977.60. This year records such an increase, and, in a footnote, the Bank of Portugal explains that the value ‘results from the application of the salary update of 0.9%, as provided for in Decree Law No. 109-A/2021, of December 7’, which updates the Public Administration remuneration“, reads in the same article.
When he was earning a salary of 16,977.60 euros, in the past two years, the governor of the Bank of Portugal (BdP) still earned more than the chairman of the Federal Reserve from the United States of America (USA), published in Polygraph2 in an article in June 021.
That year, the chairman of the Federal Reserve System (Fed), the US central bank, Jerome H. Powellaccording to the available informationearned a annual salary of $203,500 North Americans. At the exchange rate at the time, it corresponds to approx. 170,553 euros.
As for the BdP governor, charge per Mario Centeno (former finance minister) since July 2020, then had a monthly salary of 16,926.82 euros.
Multiplying this value by 14 monthsincluding the Holiday and Christmas bonuses in force in Portugal, totaled 236,975.48 euros of annual remuneration for the governor of the BdP. Ie, plus 66,422.48 euros than the chairman of the US Federal Reserve.