HomeEconomyMaintaining public transport prices "costs the state more than 540 MDH per month"

Maintaining public transport prices “costs the state more than 540 MDH per month”

Economic developments, the preservation of purchasing power and the effects of the crisis at national and international level were explained by the Minister Delegate in charge of the Budget, Faouzi Lekjaâ.

During the press briefing held this Thursday, May 26, at the end of the Government Council, the Minister Delegate in charge of the Budget, Faouzi Lekjaâ, confided that the management of the current crisis requires a continuous effort to provide all the necessary resources to the citizens.

Regarding the import of cereals, energy products or even essential products that fall within the scope of purchases by Moroccan companies, the minister said that all of these products are available. But to be able to supply cereals to Morocco, he said, the annual cost will be 7.3 billion dirhams.

It is certain that prices have increased in general. But I had already explained that to Parliament. Just the freight of the goods is 20% of the price of the products in general. And since the price of freight has increased, due to the increase in energy prices, these products have undergone an increase“, he explained.

In general, and until April 2022, ” the situation was under control“, confided the minister, “ in particular the inflation rate which reached 4.1% in Morocco while it exceeded 6.5 and 7% in the region, and 6.1% in Europe and other countries of the world“, noting that ” to keep the inflation rate at this level, this required a financial and monetary policy with daily monitoring so that the inflation rate remains at this level”.

Regarding renewable energies, the minister said that ” if today the prices of public transport, all categories combined, are stable and have not increased, this costs the state more than 540 million dirhams per month“. Still happy !

Same thing for butane gas. ” If the citizen today pays 40 Dh for the butane gas cylinder, it is because the state pays 116 dh for each cylinder“, he pointed out.

All of these issues have led to an increase in the expenses of the compensation fund by more than 15 billion dirhams this year, to exceed 32 billion dirhams. And this additional effort of 15 billion Dhs, and until April 2022, has been made so that our direct and indirect resources (innovative financing, etc.) improve. It also allowed us to deal with these problems and this cost without having to resort to modifying the finance law approved by Parliament.“, he explained.

And to conclude: “In general, we have clear expenses, namely support for tourism, support for carriers and the compensation bill by targeting essential products. We also have incomes that have improved because the goal is to deal with this crisis and preserve the macro-economic framework and through it, the financial sovereignty of our country, which means investing the margins and giving the possibility for the public administration to take the necessary decisionsyou”.




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