First Independent Mena Newspaper
Morocco’s spending to support the purchasing power of its citizens at a context of imported inflation rose to 40 billion dirhams ($4 bln), finance minister Nadia Fettah Alaoui said. Cooking gas subsidies alone accounted for more than 50% of the subsidies budget at 22 billion dirhams due to an increase in prices in the international […]
Inflation which stood at 5% in 2022 could have soared to 10% had it not been for proactive measures taken by the government to protect the purchasing power of citizens, finance minister Nadia Fettah Alaoui said. Morocco had increased allocations to the compensation fund to 40 billion dirhams, offered transporters help, while the central bank […]
Morocco’s 2022 draft budget plans measures to bolster economic recovery, generalize social safety nets, and promote employment in addition to continuing the overhaul of the health and education sectors, a statement of the Royal Palace said. The statement was issued after a Council of Ministers, held Sunday under the chairmanship of King Mohammed VI and […]