Monday, October 2, 2023

Youth Party criticizes fuel subsidy removal without social safety net.

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The Youth Party (YP) supports fuel subsidy removal but demands a social safety net. It urges gradual removal of subsidies, subsidizing public transport, increasing minimum wage, and promoting alternative fuels. YP suggests partnering with transport interest groups and calls for employer commitment to protect workers. It recommends accelerating the shift to Compressed Natural Gas (CNG) and enacting a legal framework for gas development. YP proposes a revenue plan focusing on tax reforms, attracting investments, and utilizing existing assets. It suggests generating funds through equity sales and dedicating them to critical infrastructure. Efficient management and reduced government size are also emphasized.

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