Economy Minister Amado Boudou and Planning Minister Julio De Vido announced on Friday further subsidy cuts on utility services will be implemented, following a subsidy cut scheme announced this month by the government on several sectors.
During a press briefing both ministers were given at the Economy Ministry, they informed Buenos Aires City state buildings, the street lighting service and City motorway firms will stop receiving a government subsidy. This measure alone is to affect 2,157 users and will save the government 230.5 million pesos.
The Government also announced more neighbourhoods will stop receiving a subsidy. The ministers announced that subsidies will be lifted for residents living in the areas of Belgrano R, along Libertador Avenue – from the Spanish monument down to Barrancas de Belgrano. Also, in the Retiro neighbourhood -from San Martín square to the central Recoleta area (Alvear Avenue and the two parallel streets up to Cerrito) – and also to the Sheraton hotel in Catalinas neighbourhood.
De Vido announced that residents who live in these areas, and are within the general law allowance to be able to be excluded, should put forward their request, for their claim to be processed.
Source: Buenos Aires Herald