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World IN BRIEF : ARGENTINA : Import Taxes Cut to Curtail Food Prices

February 19, 1990|From Times staff and Wire reports

The Peronist government announced measures to curtail state spending and cut taxes on food imports in a bid to brake frantic price markups as Argentina suffered its second bout of hyperinflation in seven months. Among other measures to reduce state spending, Economy Minister Antonio Erman Gonzalez said, the salary of President Carlos Saul Menem will be reduced 20% and set as the top wage for federal employees.

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