Under austerity push, Mexico’s President-elect slashes own salary

Lopez Obrador told reporters that he will take home 108,000 pesos a month, which is USD 5,707 at current exchange rates, and that no public official will be able to earn more than the President during his six-year term.

He reiterated campaign promises to cut back on other taxpayer funded perks for high-level government officials, such as chauffeurs, bodyguards and private medical insurance.