Sunday, May 26, 2024

Housing fund chief made 700,000 pesos a month but ‘extravagance is over’

The former head of the national housing fund, Infonavit, paid himself a handsome salary — because he could.

Speaking in Guerrero yesterday at a presentation on the national fertilizer program, President López Obrador repeated that excesses in government spending will no longer be tolerated, and used the former Infonavit chief as an example.

David Penchyna, the president said, earned a gross monthly salary of 700,000 pesos (US $37,000). His successor, on the other hand, is receiving substantially less.

The extravagance is over now, López Obrador said. “We’ve cut salaries of those at the top to increase the salaries of those at the bottom.”

The new Infonavit director, Carlos Martínez Velázquez, told a Wednesday press conference that the former director’s annual income had been set at 9.3 million pesos (US $487,000), a salary set by Penchyna himself.

In answer to a direct question from a reporter, Martínez said he had chosen a more modest salary for himself in keeping with the administration’s austerity program.

“Since I made a promise to the president, I set my salary — because Infonavit’s rules stipulate that I can give myself however much I want — at 107,500 pesos (US $5,600) a month net.” (In gross terms, that’s about 150,000 pesos.)

López Obrador reiterated his promise not to tolerate corruption and impunity under his watch and appealed to those present to be honest.

“What am I asking of you? Just that you implement the program well. I’m not asking you to learn how to use the fertilizer; you’re all experts. I am asking you to not resell the fertilizer, that there not be a black market for fertilizer, that we all behave well.”

Source: El Financiero (sp)

Have something to say? Paid Subscribers get all access to make & read comments.
A National Guard agent stands between two police vehicles on a cordoned-off street outside of El Pueblito market in Acapulco, Guerrero,.

Wave of violence leaves 15 dead in Acapulco

The latest incident occurred at a grocery store inside the El Pueblito handicrafts market.
Smoke in Oaxaca skies

Locals fight fires and slow government response in Oaxaca

Fires have consumed thousands of hectares in Oaxaca this year, including in protected reserves. Locals have taken to setting up blockades to get help from the government.
A house with the roof torn of by the tornado, leaving water damage to the bed, dresser and clothes.

Tornado in Toluca leaves 2 dead, one of them a US citizen

On Thursday, a rare tornado traveling 100 km/h knocked a fence onto two pedestrians in the México state capital, killing them both.