Govt takes steps to lessen im­pact of in­fla­tion on cit­i­zens

Arab Times - - LOCAL -

The gov­ern­ment took steps to lessen the im­pact of in­fla­tion on the in­come of cit­i­zens from 2011 to 2016, re­ports Al-Qabas daily quot­ing a par­lia­men­tary study.

The study re­vealed that the gov­ern­ment took 11 steps to deal with the con­tin­u­ous price hikes over the last six years. It pointed out the price hikes are un­jus­ti­fied and have prompted cit­i­zens to take loans or ren­der over­time work to cope with the ris­ing cost of liv­ing.

The study called for a com­pre­hen­sive strat­egy to ad­dress the is­sue, in­clud­ing short and longterm poli­cies; ex­plain­ing that short-term poli­cies will deal with con­se­quences of price hikes while the long-term poli­cies will tackle ma­jor prob­lems par­tic­u­larly the un­bal­anced eco­nomic struc­ture.

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