Luis Caputo announced a 16% salary increase for state workers

The Minister of Economy, Luis Caputo, announced a 16% salary increase for state employees, which will not apply to high-ranking officials. State parity for January 16%,” Minister Caputo announced through his Twitter account, despite the fact that inflation in December was 25%, which marks a loss of real purchasing power of 9%. In this context, he clarified: “The increase will not apply to ministers, secretaries and undersecretaries, who will not receive any increase, which will result in a 20% drop in their real salary. Nor will the President and Vice President collect it.” The supposed parity agreement was signed last Friday at the headquarters of the Ministry of Labor, located at 100 Callao, and as it took place hours before the deadline to settle salaries, it was guaranteed that January salaries would already be paid with the established increase. In this regard, the head of ATE Capital, Daniel Catalano, said: “The parity for national state companies came out: 16% for January. The same government that celebrates 25.5% inflation increases this misery, causing most of its workers to fall below the poverty line. Miserable. There is an urgent need to open up sectoral parity agreements.”

Original source in Spanish