cushion the impact of the price surge on producers and consumers.
Already, the government set aside a sum of $5 billion in the 2022 National Budget to fund interventions to cushion the rising food prices.
President Ali said that the government is yet to finalise how this sum will be used but hastened to add that consultations on the sum’s use have already started.
The government also announced moves to extend the freight cost adjustment in 2021 to the cost of some $6 billion in addition to reducing the price of fuel. These measures are already in effect. (Vishani Ragobeer)
