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Weekly Report - 01 February 2018 (WR-18-04)

ARGENTINA: Macri leads by example in state cost-cutting

President Mauricio Macri has made a symbolic gesture, ostensibly to cut the fiscal deficit but with the underlying motive of boosting his approval ratings. With the US dollar appreciating (always a source of deep concern among Argentines), inflation stubbornly high, and fuel and energy costs increasing, Macri announced an annual pay freeze for himself and some 350 senior government officials as part of a major restructuring of the state, which will see nearly 1,000 jobs go in public administration. And, in response to charges of nepotism, cabinet ministers will no longer be allowed to employ relatives in government.

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