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Decree-Law No. 28/2008 on the public supply of essential goods and management of the negative effects of inflation.

Country/Territory
Timor-Leste
Document type
Legislation
Date
2008
Source
FAO, FAOLEX
Original source
Jornal da Republica, Serie I, No. 35, 13 August of 2008.
Subject
Food & nutrition
Keyword
Consumer protection Food security Food sovereignty Social protection Internal trade
Geographical area
Asia, Asia and the Pacific, Indian Ocean, Least Developed Countries, Small Island Developing States, South-Eastern Asia
Entry into force notes
This Decree-Law enters into force on the day after its publication.
Abstract

This Decree-Law, consisting of 22 articles divided into five Chapters, establishes the public supply of essential goods and management of the negative effects of inflation. In terms of supply and demand, as well as constitutionally enshrined freedom of initiative and business management, it is the Government's essential objective to guarantee the population to obtain essential goods at sustained or subsidized prices. As an effective measure to combat rising prices, intervention in the market is carried out through the release of significant quantities of basic goods, capable of satisfying immediate needs and covering the stocks that families and traders make as a precautionary measure, without prejudice to the use of subsidized prices. It applies to the supply of rice, edible oils, and basic materials for civil construction and public works. In view of the persistent economic rise in fuel prices, it also institutes a transitory measure, aimed at preventing an uncontrolled and distorting price increase in the public passenger transport sector. The State's objective is to support the private sector in order to maintain reasonable prices, balanced between supply and demand, guaranteeing stability in the supply of essential goods.

Full text
Portuguese
Website
www.legis-palop.org