Head of the Moroccan Government Aziz Akhannouch said that the state does not have sufficient resources to support fuel prices.
He indicated that if this support was implemented, “it would result in a large deficit and a gap in the budget that could not be financed even with debt.”
This came during the general session of the monthly oral questions addressed to the Head of Government this Monday, in the House of Representatives, which focused on the economic situation in Morocco.
In his response to the parliamentary groups’ comments, Akhannouch stressed that “the difficulty of the stage we are living in today cannot be denied,” and said that the government is managing uncertainty and suddenness.
The head of government stated that Morocco is managing “imported crises,” stressing that Morocco “withstood the successive impacts of the COVID-19 pandemic, the effects of the Russian-Ukrainian war and climate change.”
According to Akhannouch’s statements, “the government has made great efforts to mitigate the effects of the current crisis within the state’s capabilities,” noting that importing soft wheat costs MAD 747 million per month.
Akhannouch said that “the government pumped an additional MAD 14 billion to support the National Electricity Office to avoid a 40% increase for citizens, in addition to allocating an additional MAD 3 billion to subsidies sugar.”
As for the butane gas subsidy, the cost of supporting it through the clearing fund has moved from MAD 9 billion in 2021 to MAD 14 billion this year, having the state pays MAD 116 per bottle of large size.
Despite the difficult agricultural year, the head of government said that Morocco is living an almost normal situation, as is reflected in the availability of all basic materials in the market.
Akhannouch pointed out that “there are millions of Moroccans who are optimistic about the government and are anxiously waiting for what it will do for the country,” stressing that it will take advantage of all opportunities to meet their aspirations.
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