President Javier Milei’s government reduced the number of ministries and secretariats by 50% and 49%, respectively, to cut public spending, presidential spokesman Manuel Adorni said in a press conference on Tuesday morning. “There’s no money, and that has to be reflected in concrete measures like the [presidential decree that modifies the number of] ministries and the reduction of state structure,” Adorni said. According to newly appointed Unión por la Patria national deputy Julia Strada, the elimination of the nine ministries, 50 secretariats, and 42 undersecretariats Adorni announced means a reduction of AR$3.2 billion in public expenditure. La eliminación de 9 cargos de rango ministerial, 50 secretarías y 42 subsecretarías suma cerca de $3.200 millones (sueldos + cargas sociales). On the other hand, the spokesman revealed that Economy Minister Luis Caputo will not offer a live press conference to announce his first economic measures.

Source: Bueno Aires Herald December 12, 2023 14:35 UTC