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8 Months of Fuel Subsidies Cost 1.9B Dirhams
The article focused on the rising costs of fuel subsidies allocated to the transportation sector in Morocco, where direct assistance to professionals exceeded 1.9 billion dirhams during the first eight months of the year, amidst increasing subsidy expenses and fluctuations in energy product prices. Data indicated that subsidy expenditures increased by 6.2%, reaching 13.8 billion dirhams by the end of August, with 99.4% of the allocated appropriations consumed before the end of the fiscal year. The government continues to support the sector through exceptional payments, despite the kingdom’s energy bill rising by 29.1% until the end of July—mainly due to imports of gas and fuel oil—while ordinary state expenses consumed 10% of the country's revenues by the end of August, and total public investment expenditures increased by 11.4%. This led to a budget deficit of 58.6 billion dirhams, a slight decrease of 935 million dirhams compared to last year, reflecting the impact of energy support on public finances.
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