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Mexico's president-elect Andres Manuel Lopez Obrador is by example in his country's austerity drive. He said he would less than half the salary of his predecessor when he office in December. This is part of an austerity drive to Mexico's economy back on track. Mr Obrador reporters on Sunday that: "What we is for the budget to everybody." This means he will take home a salary of around $5,700 a month. This is just 40 per cent of the salary currently by incumbent President Enrique Peña Nieto. In addition, the president-elect said no public official would be able to more than he will. His supporters greatly his new austerity measures.

Mr Obrador said he to cut his salary even further to his part in helping the economy. He at a 60 per cent cut because he a bigger cut would the quality of people joining his government. Many are leaving well-paid positions in the private sector to up ministerial posts that have a low salary ceiling. However, he said he would firm on his campaign promise to rein in perks given to high-level government officials. He said there would cutbacks on chauffeurs, bodyguards and health insurance for ministers. Other measures he will are to turn the official presidential residence into a cultural center and to pension payments to former presidents.

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