Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
Argentina freezes government salaries to cut spending
Updated 5:43 pm, Monday, January 29, 2018
BUENOS AIRES, Argentina (AP) — President Mauricio Macri said Monday that government employees in Argentina won't receive pay raises this year as part of a string of measures aimed at cutting spending.
Macri also announced the elimination of 1,000 "political positions" and the firing of family members appointed as advisers by government ministers. The measure is expected to save the government about $75 million.
Macri came into office in December 2015 promising to revive Argentina's economy and fight entrenched corruption. Although he is credited with ending a longstanding dispute that returned Argentina to global credit markets after more than 14 years, he has struggled to attract badly needed foreign investment.
At home, the government's austerity move comes just as Argentines are facing increases in fuel, utilities and transportation costs that have harmed Macri's popularity ratings. His government also faced violent protests in December over a pension overhaul bill that was ultimately approved by Congress.
More:
http://www.chron.com/news/world/article/Argentina-freezes-government-salaries-to-cut-12534224.php