Morocco Maintains Subsidies on Gas, Sugar and Bread Amid Global Price Pressures

– byArmel · 1 min read
Morocco Maintains Subsidies on Gas, Sugar and Bread Amid Global Price Pressures

Despite the international situation, the Moroccan government will maintain subsidies to ensure price stability for butane gas, wheat and sugar on the domestic market in 2023.

The price of the gas bottle will not increase next year and the state will continue to subsidize butane gas, assured the Minister of Economy and Finance, Nadia Fettah Alaoui. In a television interview, the official reacted to the social unrest linked to galloping inflation and especially to rumors that the price of the 12 kg bottle would rise from 40 dirhams to 120 dirhams in 2023.

"The subsidy for the price of the gas bottle, sugar and wheat will not be removed. Prices will not change," she declared categorically, specifying that the 2023 Finance Bill (PLF) has planned some 26 billion dirhams to feed the Compensation Fund.

She recalled that the Executive will begin next year the deployment of several mechanisms with the aim of moving towards direct aid to vulnerable households. In addition, more than 100 billion DH will be devoted to the main social sectors, namely National Education and Health.