Tag: austerity measures
Finance Headlines Morocco

Morocco braces for austerity measures in wake of Covid-19

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Morocco seems to have opted for austerity measures instead of a revision of its appropriation bill to offset the rise in public spending to contain the coronavirus outbreak. Morocco expects a spike in spending to counter coronavirus and mitigate its social and economic impact combined with a drop in tax and customs revenues as demand […]
Algeria Headlines

President Bouteflika Asks Algerians to Brace for Austerity Measures

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Algeria’s living-dead President Abdelaziz Bouteflika gave an address on the occasion of his country’s Independence Day asking citizens to prepare for tough times ahead as state coffers dwindle. Bouteflika urged the Algerian people to prepare for the pinch of economic reality as the state will cut vital subsidies and increase taxes. The speech clearly revealed […]
Egypt Headlines

Egypt Adds Multi-billion Dollar “Social Package” to Budget

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As Egypt’s fiscal year for 2017-2018 will be commencing on July 1, the Finance Ministry has announced that a “social package” aimed at easing the pain of the ongoing austerity measures will be included in the budget. More than 90% of the citizens will benefit from the package through food subsidies, tax breaks and increment […]