Bolivian President Rodrigo Paz announced Monday that he will reduce his own salary along with his cabinet members’ compensation by 50% as the South American nation grapples with mounting civil disorder and calls for his ouster.
During remarks at a gathering in Sucre, Bolivia’s constitutional capital, Paz characterized the salary reductions as evidence of his administration’s “commitment to the country.”
The wage cuts follow nearly four weeks of ongoing political turmoil and civil demonstrations across Bolivia. The unrest has disrupted supply chains throughout La Paz and El Alto, creating critical shortages of essential items including food, fuel and medical supplies that have impacted retail outlets, healthcare facilities and fuel stations.
Demonstrators are demanding that Paz’s moderate administration reverse budget-cutting policies and tackle escalating costs of living.
Paz, who assumed the presidency in November after inheriting significant economic challenges, has maintained that reducing government spending and cutting fuel subsidies are essential steps to restore fiscal stability.
