Austerity
Supreme Court returns luxury vehicles after controversy
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The Supreme Court of Justice of the Nation acquired nine armored Jeep Grand Cherokee vehicles for about two million pesos each, but returned them after President Claudia Sheinbaum's intervention. This incident highlights the contradiction between the Fourth Transformation's austerity rhetoric and privileged practices in the Judiciary. The purchase took place amid economic inequality and widespread poverty in Mexico.
San Luis Governor Claudio Poggi requested the resignation of his entire cabinet and political officials on Monday due to a drop in national transfers. He announced a 30% cut in public positions to deepen austerity measures. The action addresses four consecutive months of declining coparticipation funds.
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Following Finance Minister Jorge Quiroz's memos sparking controversy over 2027 budget reviews, Chile's Ministry of Social Development and Family (Midesof) announced a 2.24% cut—equivalent to about $36.6 million (CLP 36.6 billion) from its total budget—below the 3% target. The adjustments target inefficiencies while protecting social benefits, as defended by President José Antonio Kast amid backlash.
The Colombian government has confirmed the elimination of a special service bonus worth about 11 million pesos for each congressman, as part of efforts to cut public spending in 2026. This move aims to address the ongoing fiscal crisis and promote austerity. Finance Minister Germán Ávila explained that the benefit, initially for installation costs, became improperly generalized.
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The Institut Montaigne warns that current budget efforts are just a preview of the sacrifices needed to cut France's deficit by 140 billion euros by 2029. According to this liberal think tank, public spending is set to outpace revenues, worsening the deficit due to incompressible costs. This alarmist note, released on November 26, lays the groundwork for unpopular measures ahead.