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Price hikes: An expert suggests 3 solutions to limit the impact

March 10, 2022 - 14:21
in Society
Price hikes: An expert suggests 3 solutions to limit the impact
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The Moroccan Consumer Rights Federation (FMDC) called on the government to take urgent measures to alleviate the consequences in Morocco of the crisis between Ukraine and Russia. It offers 3 solutions.

While the war between Ukraine and Russia is raging and the duration of this conflict is unknown, the Moroccan Federation of Consumer Rights has proposed to the government to take measures on a deadline of 6 months, the time to observe the changes in the situation.

According to consumer rights activist and president of the FMDC, Dr. Bouazza Kherrati, the Moroccan government should focus on finding solutions to the possible repercussions of the crisis in Eastern Europe on the purchasing power of Moroccans.

He alerts, at the microphone of MoroccoLatestNews UKon the risks of “social disorder” if measures are slow to arrive and Moroccans are not informed of the situation.

The scenes of collective looting observed in a vegetable market in a town near the city of Kenitra at the end of February, testified to the impact of the rise in the prices of consumer products and the fed up of consumers.

The demonstrations as well as the transporters’ strike also reflect this feeling that Moroccans have been confronted with for several years now, faced with a rhythm of life that always requires them to spend more to educate their children, to treat themselves, to feed themselves, and to find housing. wages do not change.

Food prices, relatively acceptable, have so far remained the only “satisfaction” of Moroccan consumers.

Thus, the FMDC proposes solutions to the government to avoid a social crisis of greater magnitude. Its proposals, set out by Bouazza Kherrati, consist of, “first, reducing the value added tax (VAT) by 50% on all basic necessities”.

Secondly, the president of the FMDC calls on the government to reverse the increases in taxes and duties provided for in the 2022 finance law on consumer products.

Finally, Dr. Kherati believes that fuel prices should be fixed for 6 months, using article 4 of law 112 on the freedom of prices and competition.

“Certain basic products are taxed at 20%, table oils are 10% while other food products are 7%. So we are asking for the reduction of these taxes by 50% and this will have a very positive impact, ”says the activist.

To conclude: “If taxes are reduced by 50%, the consumer will have at least one breath to last until the crisis is overcome”.

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Tags: Bouazza KheratiConsumptionFMDCMoroccoPrice increaseVAT
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