Reports of Morocco’s draft financial law of 2018 stated the clearing fund has charged approximately 200 billion dirhams from 2011-15.
The report stated that dirhams could be allocated toward public investment, infrastructure development, payment of the treasury’s financial debt or just otherwise.
The report also stated the disbursement of funds was 52 billion dirhams in 2011 and 56.6 billion dirhams in 2012.
The draft financial law for 2018 will allocate 13 billion dirhams, including 19 million to help with the peanut and food industries. There has been a gradual decrease in subsidies since 2012, thanks in part to the liberalized oil prices since 2015.
The government is working to bring reform to the system and creating priorities that will best serve the country’s economic growth and fortitude.
