71. The government has announced that it would reduce fuel subsidies this year resulting in increased fuel and electricity prices. 72. The government on Monday announced a sharp hike in fuel prices, almost doubling pump prices, as part of a broad policy of reducing state subsidies. 73. The government raised fuel and electricity prices sharply beginning Tuesday to reduce subsidies and reduce the state budget deficit. 74. The government, as part of an economic reform program, is reducing subsidies and using a free market system. 75. The key measures in the package would have reduced subsidies to law-enforcement officials, such as free rides on public transportation. 76. The meeting, which is the first of its kind for APEC energy ministers, resolved to reduce energy subsidies by governments and to drop other protection progressively. 77. The price hikes, which had been publicized well in advance, are aimed at reducing state subsidies on fuel and easing a growing budget deficit. 78. The plan also reduces subsidies on electricity and raises some customs and fees on government red tape. 79. They will raise the retirement age, reduce sick pay, make it easier for some companies to fire workers and reduce government subsidies for stays at health spas. 80. Though it would likely gain entry eventually, it could face tough demands from current members to reduce subsidies for exporting industries. |