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وكالة الانباء الاردنية
UN: Fuel subsidy costs surpass trillion
A United Nations study has concluded that the costs of supporting fuel prices worldwide could exceed one trillion dollars this year, amid ongoing tensions involving Iran and other crises affecting markets. A report published by the United Nations Development Programme explained that governments are increasingly struggling to protect consumers from rising energy and food prices due to oil prices approaching $100 a barrel, higher borrowing costs, and the strongest El Niño phenomenon ever recorded. This has led to a doubling of government measures to ease the burden between April and September, including reforms such as price controls on goods, financial support, and tax exemptions. Without these measures, an additional 130 million people would have fallen into poverty. The findings emphasize that current political, economic, and environmental conditions heighten risks and exert pressure on national budgets.
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