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Wednesday, January 15, 2025

Reshaping Perspectives and Catalyzing Diplomatic Evolution

The Shura Council discusses inflation and the increase in financial burdens on citizens

The Shura Council held its regular weekly session today "Tamim bin Hamad Hall"At the Council’s headquarters, chaired by His Excellency Mr. Hassan bin Abdullah Al-Ghanim, Chairman of the Council. During the session, the Council reviewed the report of the Financial and Economic Affairs Committee on the request for general discussion put forward by Their Excellencies members of the Council in the last session, related to inflation, the high cost of living and the increase in the financial burden on citizens. After extensive discussions on the conclusions of the report, exchanging views on it, and presenting views that contribute to finding solutions to this file by the members, the Council decided to submit a proposal to the esteemed government on the aforementioned issue. The proposal, willingly, included a number of axes and recommendations that would contribute to reducing the effects of inflation, visuals that seek to address the problem of high consumer prices, and provide realistic scenarios to address the high operational cost of goods and services, which is reflected on the consumer. In the context of discussing the report, His Excellency Mr. Hassan bin Abdullah Al-Ghanim, Speaker of the Shura Council, referred to the negative social and economic effects of inflation and the high cost of living, which requires the concerted efforts of all concerned parties to address this problem. His Excellency added "Given the importance of this subject, it was brought up in the first session of the Council, and since the previous session, the Financial and Economic Affairs Committee headed by His Excellency Mr. Muhammad bin Yusef Al-Mana made commendable efforts to study the subject in all its aspects, and the committee completed during the current session those efforts to reach the report before you". His Excellency the Speaker of the Council indicated that the legislation enacted by the state to overcome the problems involved in the discussion request had a tangible impact, reviewing his Excellency the most important laws in this aspect, such as the Law on Protecting Competition and Preventing Monopolistic Practices, and what the law stipulated in terms of establishing a special committee to protect competition, and others. Of the relevant laws and legislation, stressing at the same time that raising the issue by the Shura Council is a continuation of the government’s efforts to address these problems. He added that in view of the accelerating economic changes locally and internationally, and the problems that the world suffers from affecting the final consumers, it has become necessary to raise this issue and follow it up, and to discuss ways to address it and limit its effects. During his review of the report, Eng. Ahmed bin Hitmi Al Hitmi, Chairman of the Financial and Economic Affairs Committee, referred to the meetings held by the committee to discuss the issue, by inviting a number of officials from the concerned authorities, as well as seeking the opinions and analysis of specialists from academics, analysts, businessmen and citizens. His Excellency indicated that the rise in prices included all sectors, with a noticeable increase in certain basic sectors, indicating that other sectors were affected by this problem, pointing out that these sectors are not considered basic or necessary for daily life, which requires a change in the culture and consumption pattern of society. Al-Hitmi explained the causes of inflation and high prices in Qatar, which he attributed to internal and external factors. He also reviewed a number of proposed solutions and recommendations submitted by the committee to address inflation and high prices, including those related to anti-monopoly policies, increasing places allocated for commercial activities, subsidizing basic commodities and materials, supporting the national product to increase its production in the local market, reviewing fees and taxes policies, and raising awareness of the role of the trader. And the important consumer in this aspect. In their turn, the members of the Shura Council praised the government’s plans and policies in confronting inflation by implementing a package of measures that contributed to reducing the impact of inflation, stressing the need to carry out periodic reviews of legislation, monetary policies and support measures, and work to spread awareness among businessmen and consumers of what is happening to them. It is my responsibility to contribute to addressing this problem. The members called on the authorities concerned with consumer protection and price control to intensify their campaigns on the market, encourage free competition and work to prevent monopoly, and provide all forms and aspects of support for the local product and provide it more in the local market, in addition to encouraging its export and supporting it to compete externally.

The members of the Shura Council pointed out in today’s session to the need to increase streets and commercial areas in various parts of the country, allowing wide options for merchants, lowering rental and real estate prices, and reducing the cost of production, which leads to lower prices. They noted the need to support entrepreneurs, strengthen the strength of small and medium-sized companies, and direct them to increase investment in the services and basic commodities sector, and avoid focusing on specific sectors with a consumption and entertainment pattern only. In a related context, the members of the Council drew attention to the role of civil society organizations in confronting the phenomenon of excessive and redundant consumption, by increasing consumer awareness and alerting them not to be led by advertising campaigns. The members of the Council also pointed out the need to pay attention to the sectors of basic and food production, support national factories, companies and farms, and enhance their capabilities for external competition, noting that the competitiveness of the national product and increasing its sales in foreign markets contributes to increasing its distribution abroad and reducing its prices internally. On the other hand, members of the Shura Council attributed inflation to other external factors, related to high transport and freight costs to record levels, high energy prices, and interruption of supply chains, noting the state’s good management of this file by taking a number of measures that contributed to maintaining the prices of basic materials. needed by the consumer on a daily basis. The session continued, as the Council approved a draft law on documents and archives, after reviewing the report of the Cultural Affairs and Information Committee on it, and discussing the provisions of the draft law by Their Excellencies the members of the Council. The aforementioned draft law aims to regulate dealing with public, historical, national and other documents, and to classify, preserve and protect them. On the other hand, the Council approved a request to extend the work of the Financial and Economic Affairs Committee to study a draft law amending some provisions of the Customs Law promulgated by Law No. (40) of 2002. During the session, the Council also reviewed the report of the participation of Her Excellency Mrs. Sheikha bint Yousef Al-Jufairi in the meeting that was held at the headquarters of The General Secretariat of the Cooperation Council for the Arab States of the Gulf in Riyadh last December, between female members of the legislative councils of the GCC countries, and Her Excellency Ms. Hana Neumann, Head of the Delegation for Relations with the Arabian Peninsula in the European Parliament, which dealt with the situation of women parliamentarians and politicians in the Gulf countries, and the promotion of the role of women in parliaments. In the context of her presentation of the report, Her Excellency explained that the meeting witnessed an exchange of views on the situation of women parliamentarians and politicians in the GCC countries, and ways to empower women and enhance their role in the parliamentary and political fields, noting her emphasis in the meeting on the status enjoyed by Qatari women and the opportunities available to them in all sectors, And its prominent role in the parliamentary, diplomatic and all fields, thanks to the support it enjoys from the wise leadership. The session was attended by students from the College of Business and Economics at Qatar University and the Community College, as well as a number of students from the Qatar School of Banking Sciences and Business Administration for Boys, and students from the Qatar School of Banking Sciences and Business Administration for Girls.

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Arab Desk
Arab Desk
The Eastern Herald’s Arab Desk validates the stories published under this byline. That includes editorials, news stories, letters to the editor, and multimedia features on easternherald.com.

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