New austerity measures win unanimous support in Senate

Under the slogan “no more rich parliament and poor people,” the Senate is undergoing a downsizing following the introduction of the government austerity policy by president-elect Andrés Manuel López Obrador.

Senators gave unanimous approval to the plan presented by the Morena party majority, which represents a 30% reduction in the Senate’s budget.

No longer will the taxpayers pay for senators’ fuel expenses, mobile phone bills, food vouchers, major medical expenses, toll booth fees, the maintenance of their personal vehicles or individualized end-of-employment insurance, among other perks.

The lawmakers will also have to work with less: the political parties represented in the upper chamber will no longer be allocated budgetary funds. Of the existing 64 legislative commissions, only 42 will continue to operate and 16 will be completely eliminated.

The new Senate, sworn in a week ago, also put a cap on professional fee expenses and food costs.

Durango Senator Alejandro González Yáñez said the austerity measures are expected to save 599 million pesos (US $30.9 million) this year, and 1.4 billion ($72 million) in 2019.

The measures, which are intended reduce expenditures to those that are “strictly necessary,” were passed unanimously.

Senators are also considering a pay cut of 13,300 pesos, reducing their monthly salary to 105,000. This would mean that senators no longer earn more than the president.

The president of the house’s political coordination council, Senator Ricardo Monreal Ávila, said the Senate could not “live within a sphere of privilege in front of a world of inequality [and] by no means can it continue to maintain a status quo that is far removed from that which exists outside its precincts.”

Source: El Universal (sp), El Financiero (sp)

Have something to say? Paid Subscribers get all access to make & read comments.
Tamul Waterfall dried up

Why did the Huasteca Potosina’s picturesque Tamul Waterfall dry up?

0
State and federal authorities pulled out all the stops to get the Gallinas River flowing again to the waterfall site, including a total ban on upstream extraction for irrigation, but to no avail.

The MND Peso Index™: Is the Mexican peso over or undervalued against the US dollar?

11
The MND Peso Index™ is a new monthly economic indicator developed by Mexico News Daily that measures whether the Mexican peso is overvalued or undervalued against the US dollar.
The Mayab Highway connecting Mérida and Playa del Carmen

Mexico Infrastructure Partners announces plan to invest US $12B across key sectors

1
Bloomberg reported that around $8 billion of the firm's planned investment would go to renewable energy projects, some $2.5 billion would go to highway projects, $1 billion to midstream opportunities and $500 million to digital infrastructure.
BETA Version - Powered by Perplexity