Efforts being made to ensure a decrease in commodity prices: SAC Chairman

24 February 2023


SAC government is striving to ensure a decrease in the commodities prices, State Administration Council Chairman Senior General Min Aung Hlaing said at the SAC meeting 2/2023 held in Nay Pyi Taw today.
Regarding the commodities prices, the Senior General said the rise in the prices is because of the trade deficit in the past due to the imbalance in import and export and global shortage of commodities and services in supply chain in the pandemic period. Product prices are rising because of the rise in price of inputs such as fertilizer and fuel oil as well as lack of labor.
As our country is a nation having no adequate electricity, the electricity rates went up when the fuel prices rose. Despite the rise in commodities prices in our country, there has been no lack of basic commodities. Encouragement is being given to domestic commodity production to ensure increase in the nation’s earnings. Doing so will help commodity prices down. We are striving to ensure a decrease in the prices, the Senior General said.
From the time of the formation of the SAC, future tasks and objectives were adopted for economic development of the country and socioeconomic development of the people and measures are being taken systematically to achieve them. At present, new future tasks and objectives have been adopted, the Senior General said at the meeting.
First of all, martial law has been declared in some townships for stability and priority has been given to stability. Imposing martial law is not to restrict the people but to effectively control the activities of terrorists who are trying to undermine the interests of the people. Emphasis must be placed on stability in areas where priority should be given to security, stability and the rule of law.
As the second future task, people-centered development tasks will be carried out for prosperity of the country and sufficiency of food, water and basic needs with the aim of achieving socioeconomic development.
Thirdly, measures will continue to promote a genuine, disciplined multi-party democratic system and build a Union based on democracy and federalism.
In the fourth point, emphasis will be placed on the NCA to achieve nationwide peace. The constitution (2008) was enacted through national referendum and it is a pledge for the people. The NCA is also a pledge between the government and EAOs and international organizations. Efforts will continue to achieve peace nationwide.
It is important to ensure peace and stability to implement the last point of the roadmap: upon accomplishing the provisions of the state of emergency, free and fair multiparty democratic elections will be held in line with the 2008 Constitution, and further work will be undertaken to hand over State duties to the winning party in accordance with democratic standards. When peace and stability prevail and votes are cast without force, will a free and fair election emerge., the Senior General said.
Then, members of the Council presented their suggestions on ensuring stability and peace in some regions as much as possible, matters on teachers appointed in regions of ethnic peoples to teach languages of ethnic peoples, scrutinizing people who run online loan services through using applications, and matters on education, health and human resources.
The Council members are to make efforts looking forward to the interests of the State. As the Council is the highest level organization of the State, each Council member is to act in accordance with the status of the Council. Each member is to represent the Council. As a priority, they are to focus on ensuring that peace and stability of the nation will be preserved and that the people could live safely and happily, the Senior General urged.

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