First Independent Mena Newspaper
Morocco will maintain subsidies for cooking gas and continue providing financial support to transport operators as international energy prices rise sharply amid escalating geopolitical tensions in the Middle East. The decision was made by Prime Minister Aziz Akhannouch who chaired the first meeting of a ministerial committee tasked with monitoring the economic repercussions of the […]
Morocco’s spending on cooking gas, sugar and flour subsidies hit 10 billion dirhams ($1 bln) so far this year, compared with 3.8 billion dirhams the same period last year, official figures showed. This 170% increase is mainly due to the simultaneous post-covid recovery which created high demand on commodities, worsened by an offer shortage […]
Morocco’s spending on cooking gas and sugar subsidies rose sharply to nearly $700 million in the first half of 2017, compared to $481 million in 2016, the subsidy fund, Caisse de Compensation, said. During the first half of 2017, spending on cooking gas increased 70 percent year-on-year from $310 million to $525 million, while spending […]