Mexico's president-elect Amlo to take 60% pay cut in austerity push
Mexico's president-elect Amlo to take 60% pay cut in austerity push
Andrés Manuel López Obrador will earn 108,000 pesos ($5,707) a month and says no public official will earn more than the president in his term
Associated Press
Mon 16 Jul 2018 00.28 EDT
Mexican president-elect Andrés Manuel López Obrador has said he plans to earn less than half of what his predecessor made when he takes office in December as part of an austerity push in government.
“What we want is for the budget to reach everybody,” he told reporters in front of his campaign headquarters.
López Obrador said he will take home 108,000 pesos a month, which is $5,707 at current exchange rates, and that no public official will be able to earn more than the president during his six-year term. The transition team calculates that current Mexican President Enrique Peña Nieto makes 270,000 pesos a month.
. . .
He reiterated campaign promises to cut back on taxpayer funded perks for high-level government officials, such as chauffeurs, bodyguards and private medical insurance. The official presidential residence will become a cultural centre and ex-presidents will no longer receive pensions, he said.
More:
https://www.theguardian.com/world/2018/jul/16/mexicos-president-elect-to-take-60-per-centpay-cut
LBN:
https://www.democraticunderground.com/10142111213