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Morocco boosts 2011 subsidies amid regional unrest

Funds allocated to subsidies will be doubled

Reuters, Tuesday 15 Feb 2011
Views: 1537
Views: 1537

The Moroccan government on Tuesday said it has decided to almost double the funds allocated to its subsidies fund to cope with an increase in global food and energy prices.
The government will add 15 billion dirhams ($1.8 billion) to the 17 billion dirhams allocated by the 2011 budget for the government's subsidy fund called Caisse de Compensation, the official MAP news agency said.

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