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| | |-+  Tens of thousands march in Argentina against Macri's austerity
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Author Topic: Tens of thousands march in Argentina against Macri's austerity  (Read 228 times)
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« on: January 12, 2019, 03:08:09 pm »

Tens of thousands of Argentines marched through Buenos Aires on Thursday carrying torches, in the first of a series of planned protests against President Mauricio Macri’s austerity program and the soaring cost of public services.

Macri slashed subsidies for public utilities and other services to reduce the country’s chronic fiscal deficit, pushing electricity and gas rates up more 2,000 percent since the start of his term, according to estimates by local media.

Rates are expected to increase even more this year.
The Argentine government wouldn’t be in this mess if all aspects of society would have worked to promote economic growth, and not have left untaxed assets *cough* Macri*cough* in Panama.

Alancia, can you give us some more details on the ground over there?
« Last Edit: January 12, 2019, 03:59:15 pm by PSOL »Logged

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« Reply #1 on: January 13, 2019, 11:01:07 am »

A little late but I'll post my two cents lol.

I don't know much about the protests themselves, but the subsidy removal was indeed a big hit. Back in early 2016, it increased gas prices by 2000% in our town, but it was reversed after a protest action by the citizens here - the Patagonia has special gas subsidies that other regions of Argentina doesn't have.

Another big hit, especially for me, was a partial removal of the bus subsidies - since I go to school. Its around 20 pesos right now but could go to 50 without them. My mom is already looking into cutting the food we buy so we can save costs haha.

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