Fiscal, Monetary Policies and Banks Blamed for Inflation Conundrum

The Majlis Research Center has warned that a toxic mix of incorrect fiscal and monetary policies could add fuel to the inflation fire in the next fiscal year that begins in March. 
In a report on economic trends, the MRC said budget deficits and how governments seek to address it are the main ingredients of economic instability and runaway inflation. 
The government cannot tame the chronic inflation if it fails to implement structural reforms, i.e. curbing the unending increase in spending and securing alternative sources of income.