VOL. XLIV
No 38
17-September-2001
MOROCCO
Rising Fuel Subsidy Reflects Moroccan Fiscal Challenge; PrivatizationOnly Short-Term Reprieve
Morocco announced on 6 Septemberthat it had spent a total of MD5bn ($434mn) over the past two years on oilsubsidies in an effort to lessen the impact of higher oil prices MD600mn($52.08mn) was spent in the last three months alone and MD20mn ($1.736mn) hasbeen budgeted for September. The news comes on the heels of the announcementthat Skidmore Energy subsidiary...
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