Moroccan authorities cut subsidies for sugar, gas and flour

The Moroccan government will provide $1.5 billion in subsidies for butane, sugar and soft wheat flour as part of the fight against inflation, MWN reported on October 21.

A provision to this effect is contained in the Finance Bill 2024, which was tabled in Parliament.

The decision reflects a significant reduction in subsidies from the $2.5 billion allocated in the previous year's budget.

The reduction in funding is seen as a strategic response to changing economic conditions and the need to rationalize resources. However, the government has recognized the need to adjust these allocations in 2024 in light of changing market dynamics.