The soaring prices of raw materials are still a matter of debate. During the weekly press briefing, held this Thursday, at the end of the Government Council, the spokesman of the Executive, Mustapha Baitas, had to answer the concerns of citizens about the soaring prices of raw materials, noted in the various markets of the Kingdom.
“There is no need to recall the causes of this rise, which is due to the context of the recovery of the world economy, as well as the significant increase in oil prices, whose price per barrel is close to 100 dollars, in addition to the ongoing disruptions of supply chains,” he argued, to justify the reasons for the current inflation, adding that the prices of agricultural products remain stable, despite the delay in rainfall.
The government spokesman did not fail to stress that the Executive is determined to intensify efforts to overcome the difficulties related to inflation and to meet the expectations of citizens and preserve their purchasing power.
In this regard, “50 billion cents are spent monthly by the Executive to preserve the price of 1.20 dirhams,” he announced, citing only this example. This support is due to the increase in the price of flour on the international market, which also affects Morocco, which imports part of its needs for this vital material. Indeed, the Executive has planned an increase in the budget of the Compensation Fund to subsidise the prices of three basic necessities, namely gas, wheat and sugar.
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