Representative Ahmed Abdel Maged: The government’s initiative to reduce commodity prices eliminates monopoly and meets the needs of citizens

Representative Dr. Ahmed Abdel Maged, a member of the Senate from the Republican People’s Party, appreciated Prime Minister Dr. Mostafa Madbouly’s agreement with manufacturers and merchants during his meeting with them to announce the start of reducing commodity prices by 15 and 20%, with the possibility of reaching 30% after Eid al-Fitr, in order to Reducing the burdens on citizens.

Abdel Majid said, in a statement today, Thursday, that the government’s initiative to reduce the prices of basic commodities in cooperation with merchants and manufacturers reveals the extent of the efforts made by the state to confront inflation, provide the necessary support to the citizen, enhance the concept of social protection necessary for him, and contribute to improving the standard of living of citizens and reducing burdens. Finances on their shoulders.

The senator called for the necessity of tightening control over markets and intensifying campaigns on merchants to prevent any violations and impose the initiative, eliminating all types and forms of monopoly that prevent citizens from meeting their needs, controlling the increase in prices and enforcing commitment to the agreement concluded with the government to reduce prices, and working to Market stability.

Abdul Majid stated that the government’s efforts to reduce prices can continue with increasing customs releases on goods at the ports, in order to achieve tangible percentages that the citizen will feel, to achieve this goal and reduce the economic pressures on the citizens, and achieve the goal of alleviating the economic pressures on the citizens.

Abdul Majid concluded by saying: “The government’s efforts, in agreement with manufacturers and merchants, to reduce the prices of basic commodities that the citizen needs in his daily life, also contribute to a strong recovery of the market by eliminating monopoly and monopolists, and enhancing the availability of goods, products, and production requirements necessary to advance the productive sectors. Which will have a positive impact on the citizen.”