Reuters
Argentina's economy chief Sergio Massa appointed on Sunday a new head of the energy secretariat, which in recent years has doled out multi-million dollar subsidies that have led to a widening budget deficit. Flavia Royon, who most recently oversaw energy affairs in the northern province of Salta, will be tasked with trying to cut subsidies to alleviate Argentina's fiscal deficit, which has led to a depreciation of the peso currency and soaring inflation that is expected to surpass 90% this year. "Everyone's objective must be our energy sovereignty and the transformation of Argentina into a leader in this area," said Massa, who took office on Wednesday, in a Tweet.