The World - News from Jan. 23, 1986
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Salvadoran President Jose Napoleon Duarte announced broad-ranging austerity measures. His program--endorsed by the United States, El Salvador’s backer in the war against leftist rebels--includes a currency devaluation, 50% increases in gasoline prices, a one-year moratorium on luxury imports and emergency taxes to finance the fighting. To counteract expected popular discontent, Duarte announced a $30-a-month pay raise for public employees, price controls on basic food items and a rent freeze for low-income housing.
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