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Tuesday 8 January 2019

Increasing Purchasing Power Tops Government's Priorities: El Otmani

Vocal synthesis
Increasing Purchasing Power Tops Government's Priorities: El Otmani

Increasing the purchasing power of Moroccans is at the top of the government’s priorities, Head of Government, Saad Dine El Otmani, pointed out Monday, at the monthly meeting of the House of Representatives (lower house).

In this regard, El Otmani shed light on several measures aimed at increasing the purchasing power of people, including the subsidies of basic products in parallel with the reform of the compensation fund, adding that 17.6 billion dirhams were allocated in the year 2019 to subsidize butane gas, sugar and flour.

Since its launch in September 2018 by HM King Mohammed VI, the 3rd phase of the National Initiative for Human Development, which concerns the 2019-2023 period for a global budget of 18 billion dirhams, will focus on financing programs related to reducing infrastructure deficits, supporting vulnerable groups, improving incomes and economic integration of the youth and supporting the human development of future generations, he said.

A budget of 1.6 billion dirhams has been allocated for the year 2019 to expand the ‘RAMED’ health coverage program, while 2.17 billion dirhams will be spent this year to support the ‘Tayssir’ program on school enrolment, El Otmani added.

Moreover, a budget of 1.47 billion dirhams was allocated to increase the number of beneficiaries of boarding schools and school canteens, he said.

MAP 08 January 2019