FILE PHOTO: Presidential candidate Alberto Fernandez speaks during the primary elections, at a cultural centre in Buenos Aires, Argentina, August 11, 2019. REUTERS/Agustin Marcarian
BUENOS AIRES (Reuters) - Argentine President Mauricio Macri, smarting from a bruising primary election loss, announced on Thursday an end to sales taxes on basic food products until the end of the year in a bid to salvage his re-election prospects and end an economic crisis.
In a televised address to the nation, Macri announced that sales taxes of around 21 percent would be axed on basic foodstuffs - including bread, sugar, milk, oil, flour, pasta, eggs and rice - to soften the impact of an IMF-backed austerity program on the growing ranks of the poor.
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