2023-10-28 21:01:12
The compensation credits programmed under the Finance bill for next year (PLF-2024) amount to more than 16.35 billion dirhams (MMDH), according to the compensation report accompanying this project.
This allocation is intended to support the prices of butane gas, sugar and soft wheat flour, indicates this report published on the website of the Ministry of Economy and Finance.
“By being part of the major strategic orientations of the social protection project, advocating the orientation towards family allowances for better targeting of needy populations, it is planned to continue the progressive decompensation of the remaining subsidized products”, informs the same source.
At the same time, the report reveals that in 2023, the government, in order to allow the stabilization of domestic prices of basic consumer products despite the volatility of their world prices, continues the deployment of several measures aimed at supporting the power of citizens’ purchase, reports MAP.
Thus, the forecast compensation charge for the period January-August 2023 is estimated at MAD 19.58 billion.
For butane gas, the average subsidy for a 12 KG cylinder amounted to nearly 68 DH at the end of last August, down 31% compared to the historic level reached during the same period in 2022. As a result, the compensation charge for butane gas showed, for the first eight months of 2023, a decline of 28% to nearly 11.4 billion dirhams.
Concerning sugar, the overall compensation charge approached an amount of 3.88 billion dirhams at the end of last August, an increase of 24% compared to the same period of the previous year.
As for national soft wheat flour, the Executive continues to support a quota of 6.26 million quintals (Mqx) for a unit subsidy of 143.375 DH/Quintal, in parallel with the actions deployed for the valorization of local production (payment of storage and warehousing costs) for nearly MAD 880 million during the period January-August 2023.
Concerning soft wheat, the government has maintained, in addition to the suspension of imports during 2023, the granting of an import subsidy, with the aim of securing the supply of the national market at this time. commodity and stabilize the price of bread at 1.2 DH and the prices of flour.
As a result, the lump sum premium for soft wheat imports recorded, at the end of last August, an average of 62 DH/Ql, a decline of 63% year-on-year. Support for imports of this wheat fell by 67% compared to the same period of 2022.
Thus, the overall burden relating to the support of imported wheat and national soft wheat flour could reach 3.2 billion dirhams at the end of August 2023.
As for fuels, given that the average prices of diesel and super during the period of January-August 2023 still exceed pre-pandemic levels and in order to stabilize the rates for the transport of people and goods, the government is continuing in 2023 exceptional support for road transport professionals.
This support was 1 billion dirhams during the first eight months of this year, down 64% on an annual basis due to the significant decline in world prices of diesel and super of 25% and 18%, respectively under the same period.
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