Nicaragua's Ortega slashes his salary

MANAGUA, Nicaragua - Leftist Nicaraguan President Daniel Ortega, who took power earlier this month, said Monday that he was slashing his salary and those of Cabinet members.

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In a news conference, Ortega said he would earn a monthly salary of $3,200 while Cabinet members would earn no more than $3,000.

Former President Enrique Bolanos earned about $10,000 while some Cabinet members earned more than $5,000.

Several presidents across Latin America have cut their salaries recently in response to criticism they earn excessive amounts while millions of their citizens live in poverty.