The Moroccan government adopted a decree canceling the value-added tax on agriculture inputs in a bid to lower food prices. The measure is in line with government efforts to curb inflation for farm produce after food inflation soared 20.1% in February. The VAT exemption covers production equipment and other products used to maintain plants in […]
“The operation was successful,” said an Algerian official in a supermarket in Algiers in front of an applauding crowd and state media. One would think that the comment came after the launch of a skyrocket. It was rather a celebration of Algeria’s first card payment. State media and local officials gathered around a liter of […]
Moroccan MPs gave go-ahead to the 2023 budget law that aims to foster the well-fare state, cut the fiscal deficit and promote investment in a difficult international context marked by the impact of imported inflation and the repercussions of climate change and drought. Drought and inflation have both dipped Morocco’s growth forecast for 2022 to […]
