A PYMNTS Company

Mexico: COFECE seeks MX$1.9 million austerity savings

By  |  July 9, 2019
Mexico’s Federal Commission of Economic Competition (COFECE) will apply various measures to save at least $1.9 million pesos as part of the austerity policies promoted by the federal government. The savings will come mainly through cutting social communication activities and in the reduction by 53% of the Commission’s radio and television advertising budget .

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Other cuts and adjustments will be made, such as a 15% cut in national travel expenses for executives, as well as the creation of a subcommittee in charge of overseeing the purchasing of airline tickets by the agency and its members.

    “These measures are in accordance with the policy promoted by the Mexican State and do not affect the fulfillment of the objectives established for the Commission in the year corresponding to 2019, in accordance with the principles of austerity, efficiency and transparency,” COFECE stated.

    Full Content: Heraldo de México

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.