In a measure that many union members have grumbled about, the package will also allow wage controls, to help limit inflation.
And he contends that workers have lost purchasing power under wage controls.
Labor representatives, who opposed wholesale wage controls, were outvoted nine to three.
Labor representatives believed that wage controls were particularly unfair to some workers.
The program also calls wage controls intended to keep pay increases below price increases to help hold down inflation.
The measures will run to the end of 1990, the same period as wage controls imposed at the weekend.
This would authorize full price and wage controls.
As was foreseen, the program has led to sharp price increases at the same time that strict wage controls are being applied.
So the program calls for wage controls and therefore a deliberate fall in living standards.
In January 1950, the Parliament agreed to increase wages and end wage controls.