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 ...