Mexican president-elect Andrés Manuel López Obrador has said he plans to earn less than half of what his predecessor made when he takes office in December as part of an austerity push in government, reports Guardian.

“What we want is for the budget to reach everybody,” he told reporters in front of his campaign headquarters.

López Obrador said he will take home 108,000 pesos a month, which is $5,707 at current exchange rates, and that no public official will be able to earn more than the president during his six-year term. The transition team calculates that current Mexican President Enrique Peña Nieto makes 270,000 pesos a month.

Mexico president-elect rejects bodyguards: 'The citizens will protect me' López Obrador said he would like to reduce his salary even further, but he does not want to cause resentment among future cabinet members who are in some cases leaving private sector positions and academic posts that pay more than the new ceiling for public officials.

He reiterated campaign promises to cut back on taxpayer funded perks for high-level government officials, such as chauffeurs, bodyguards and private medical insurance. The official presidential residence will become a cultural centre and ex-presidents will no longer receive pensions, he said.

At the same time, he reiterated pledges to stem corruption. Mexico ranks 135 out of 180 countries in Transparency International’s 2017 Corruption Perception Index, with higher numbers indicating higher levels of corruption.

Public officials will have to disclose their assets, he said, and corruption will be considered a serious offense. Supporters gathered beyond the gates cheered the proposals. “This is what we need,” said Josefina Arciniega, 57, who earns 12,000 pesos a month as an administrative assistant. “We are fed up.”