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Chahed announces reactivation of national commission of prices control

Published the:  24/11/2018

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(TAP) – The national commission of prices control will be reactivated and the pace of its works will be accelerated, Prime Minister Youssef Chahed announced on Saturday.

Speaking to a plenary session at the House of People’s Representatives (HPR) devoted to the review of the draft State budget and the Financial Law for 2019, Chahed pointed out that weekly meetings have been scheduled to establish co-ordination with the concerned ministries.

This decision is part of the preservation of the citizens’ purchasing power and prices control, which should be “the government’s priorities for the coming period,” he said, specifying that the improvement of the purchasing power is inherent to countering inflation.

The government also will endeavour to reinforce the field work of economic control units and ensure the follow-up of their activities at the level of ministries and the Prime Ministry. “Without follow-up of the execution of decisions, any action of this body notably on the field will be meaningless,” he added.

For its part, the Agriculture, Water Resources and Fisheries Ministry had also been entrusted with devising a long-term strategy to increase the production level of sensitive agricultural products and to update the agricultural production map to meet the market’s basic needs.

On the other hand, the Trade Ministry had been entrusted with identifying a periodic stocking programme of sensitive products that records seasonal disruptions at the supply level so as to control the prices of eggs, potatoes, chicken meat and other products.

The necessary mechanisms for the implementation of seizure procedures should also be provided to enforce the law with more firmness at the level of punishment of offenders and dealing with the smuggling files by the Public Prosecutor.

The PM recalled that a large part of inflation is imported because of the wide trade balance deficit recorded in the past years.

He pointed out that fight against trade deficit will certainly impact the exchange rate of the dinar against the other currencies, hence a positive fall-out on the citizens’ purchasing power.

The government also seeks to curb the trade deficit by punishing speculators, countering uncontrolled import and reducing import, he underlined