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World IN BRIEF : ARGENTINA : Midterm Vote Backs Free Market Reform

September 10, 1991|From Times Staff and Wire Reports

The government of President Carlos Saul Menem said its success in midterm elections constitutes a mandate to accelerate privatization, deregulation and belt-tightening in Argentina's economy. Economy Minister Domingo Cavallo gave top priority to the sale of the state electric and gas companies and approval of the 1992 fiscal budget before the year starts. Although required by the constitution, that hasn't happened in nearly a decade.