Mexico's president- Andres Manuel Lopez Obrador is leading by in his country's austerity drive. He said he would accept than half the salary of his predecessor when he takes in December. This is part of an drive to get Mexico's economy back on . Mr Obrador told reporters on Sunday that: "What we want is for the budget to reach ." This means he will take home a of around $5,700 a month. This is just 40 per cent of the salary currently earned by incumbent President Enrique Peña Nieto. In addition, the president-elect said no official would be able to earn more than he will. His supporters greatly welcomed his new austerity .
Mr Obrador said he wanted to cut his salary even to play his part in helping the economy. He stopped at a 60 per cent cut he thought a bigger cut would reduce the of people joining his government. Many are leaving well-paid in the private sector to take up ministerial posts that have a low salary . However, he said he would stand firm on his promise to rein in perks given to high- government officials. He said there would be on chauffeurs, bodyguards and health insurance for ministers. Other measures he will introduce are to turn the official presidential residence into a center and to stop pension payments to presidents