'We assume political costs of the Subway fare hike,' City Gov't

The City Economy Minister Néstor Grindetti, came on stage to defend Mauricio Macri’s administration’s decision to bump up Subway fares to $2.50 pesos per journey, and said that they are open to “assuming the political cost of uncovering a situation that was previously kept quiet.”

“We assume the cost. Clearly we have responsibility over the management this subject,” the economy minister said.

During a radio interview this morning, the city government member explained that “the measure was carried out because the tariffs had not been updated in so long, from a subsidy that was cut in half and also facing the impossibility that the City Government will be able to replace the subsidy loss. “

“People are finally going to realize that the tariff increase is not the City Government’s problem. For example, when the price of vegetables goes up it’s not the green grocer’s fault, if not, a direct effect of problems in the economy. Here the Government suffers the consequences of inflation, it does not generate the problem,” Grindetti explained.