The Moroccan government assured that “electricity prices will not experience a rise,” as the state has allocated subsidies to counter international price fluctuations.
In response to questions on the measures deployed by the government to counter the general increase of prices in Morocco, Government Spokesperson Mustapha Baitas revealed that “MAD 3 billion was allocated to keeping the price of sugar unchanged.”
In a statement to the press following this week’s government council this February 24, Baitas added that “the National Office of Water and Electricity (ONEE) imports raw material to produce electricity and pays the increase in international markets, meaning the organism will require an additional budget of MAD 14 billion” to render it solvable and to stabilize electricity prices.
“If we do not provide this envelope to ONEE, the increase for users would be 40%,” said the official.
Regarding soft wheat, the financial aid has been close to MAD 1 billion since November 2021, says Baitas.
In addition, the spokesperson spoke on the state’s gas subsidies, reiterating Minister Delegate for the Budget Faouzi Lekjaa’s statements from last week. The subsidy of butane gas has increased from MAD 9 billion in 2020 to MAD 14 billion this year, concluded Baitas.
In addition, Baitas assured that the prices of milk “will also remain unchanged,” as the holy month of Ramadan approaches.
Government Includes Artists to Social Security System
Baitas announced that the Moroccan Government approved the inclusion of registered artists into the national social security system.
The government passed the draft law which will set the monthly contributions of Moroccan artists to the scheme, enabling them to benefit from health insurance and retirement pensions, according to Minister of Culture, Mehdi Bensaid, who spoke on his proposal in the press briefing.
In a statement to the press, Bensaid said that “Morocco is heading towards the development of its cultural sector and economy,” which will benefit from this inclusion.
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