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  HOME | Argentina

Argentine Presidentís Pay Rises 25.6%

BUENOS AIRES Ė Argentine President Cristina Fernandezís pay rose 25.6 percent in 2014, or nearly 2 percent more than the inflation rate, to 60,748 pesos ($6,970) per month, the General Secretariat of the Presidency said in a report posted on its Web site on Wednesday.

The presidentís total gross pay is 100,624 pesos ($11,500) per month, the La Nacion newspaper reported.

Science, Technology and Innovation Minister Lino BaraŮao is the best paid Cabinet member, earning a net 66,285 pesos ($7,600) monthly, followed by Tourism Minister Enrique Meyer, who pulls in 64,590 pesos ($7,400) a month.

Interior and Transportation Minister Florencio Randazzo, a presidential candidate, is the lowest-paid Cabinet member, earning 53,110 pesos ($6,090) monthly.

The president and Cabinet officers have earned their current net salaries since August, when the annual executive branch pay increases took effect, the General Secretariat of the Presidency said.

Argentina ended 2014 with an inflation rate of 23.9 percent, according to government figures, while private economic forecasters estimated the inflation rate at up to 38.5 percent.

 

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