People in Argentina could face up to 500% tariff hike

Global Business

For more than a decade, the people of Argentina have enjoyed some of the cheapest electricity in the world thanks to generous government subsidies, but now they’re facing up to a 500% tariff hike as the government looks for ways to cut back on public spending.

There may be more price hikes to come.

CCTV America’s Joel Richards reports from Buenos Aires.

People in Argentina could face up to 500% tariff hike

For more than a decade, the people of Argentina have enjoyed some of the cheapest electricity in the world thanks to generous government subsidies, but now they're facing up to a 500% tariff hike as the government looks for ways to cut back on public spending.There may be more price hikes to come. CCTV America's Joel Richards reports from Buenos Aires.