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'Rising commodity prices a huge challenge'
The Morning Standard
|October 05, 2023
RISING commodity prices have emerged as a huge challenge, but it cannot be solely controlled by government intervention, a top government official told TNIE.
According to the official, critical commodities affected by ongoing conflicts in Russia and Ukraine, fertilizers, gas, and oil stand out as key imports contributing to the prevailing concerns.
"At current level, the fiscal situation is manageable, but beyond this, it will get difficult to meet fiscal targets," said the official.
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