"The key to curb the inflation in the country is to increase production and productivity," said Prime Minister Abiy Ahmed (PhD).

The Prime Minister made the remarks while addressing the 13th regular session of the 6th House of Peoples' Representatives.

To the inflation that is severely challenging Ethiopia; He attributed the shortage to productivity, trade irregularities, conflicts, and financial mismanagement. He also stressed the need to intensify efforts to address and control the challenge.

"While it is believed that the crisis has been exploiting the economy, inflation has taken a heavy toll on the economy. Various efforts are being made to ensure that inflation does not put pressure on the lower class. Nevertheless, Ethiopia is ready to export wheat next budget year," he said.

Although the country has been challenged by man-made and natural disasters over the past four years; The Prime Minister reminded that a lot of development work has been done to bring about tangible change.

He said efforts should be made to increase the production of urban vegetable gardening and summer wheat in rural areas to reduce the cost of living to some extent.

In the aftermath of the reform, including agricultural processing factories; He said the national figure of industrial parks has been increased to 12.

Manufacturers say that if its challenges in energy, finance and logistics are solved, its productivity will change. Despite domestic and international challenges and the closure of AGOA the amount of exports has increased. Naming current inflation in various countries he said the country has reached 33%.

"During the fiscal year, $ 82.9 million was earned from exports of fruits and vegetables. The four existing sugar factories, five of which have grown to nine, are all producing. The total production of sugar has reached 360,000 tons. The government has allocated 15 million birr for fertilizer subsidy, which will be 1,000 birr per quintal, "he said.

He said water, electricity and fuel is subsidized by the government. In particular, the government has announced that it will subsidize public transport vehicles from next July. Regarding foreign exchange; He said the depreciation of the Ethiopian Birr has significantly contributed to the country's economic growth.

Translated by Yared Eshetu