Argentina freezes government salaries to cut spending

FAN Editor

President Mauricio Macri says government employees in Argentina won’t receive pay hikes this year as part of a string of measures aimed at cutting spending.

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Macri also announced Monday 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 the country’s entrenched corruption.

The austerity move comes just as Argentines are facing increases in fuel, utilities and transportation costs that have harmed Macri’s popularity ratings.

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