Newsletter Newsletters Events Events Podcasts Videos Africanews
Loader
Advertisement

Argentina's president to eliminate ministries in austerity push - media

Argentina's president to eliminate ministries in austerity push - media
FILE PHOTO: Argentina’s President Mauricio Macri pauses during a news conference at the Olivos Presidential Residence in Buenos Aires, Argentina, July 18, 2018. REUTERS/Marcos Brindicci Copyright  MARCOS BRINDICCI(Reuters)
Copyright MARCOS BRINDICCI(Reuters)
By Reuters
Published on
Share Comments
Share Close Button

BUENOS AIRES (Reuters) - Argentine President Mauricio Macri is planning to eliminate several ministries from the federal government as his administration seeks to cut the budget deficit to quell a run on the peso currency, local media outlets reported on Sunday.

Local newspaper La Nacion reported that 13 ministries would be chopped or merged with others, citing unnamed government sources, while daily Clarin put the number at 10. Both papers said the ministries of science, culture, energy, agriculture and tourism would cease to exist as stand-alone entities.

The reported government restructuring comes after Macri asked the International Monetary Fund to speed up disbursements of a $50 billion (£38.6 billion) loan last week.

The government has pledged further austerity, and Treasury Minister Nicolas Dujovne is expected to announce a series of economic measures on Monday.

Spokesmen for Macri, Argentina's cabinet chief's office and Argentina's Treasury Ministry did not immediately respond to requests for comment.

(Reporting by Luc Cohen; Editing by Lisa Shumaker)

Go to accessibility shortcuts
Share Comments

Read more

Nepal's youngest PM takes oath of office after Gen Z protests toppled previous government

Kazakhstan votes for a new Constitution, marking a turning point in its political future

Inside the UAE's response to Iranian attacks: A senior official speaks