Butane Gas/Sugar: Compensation Fund Subsidies Down in 2020
Rabat – The butane gas and sugar subsidies have decreased by 11.94 billion Dirhams in 2020, according to latest data from the Compensation Fund.
The butane gas subsidy cost amounted to MAD 8.694 billion in 2020, against MAD 9.51 billion a year before, i.e. a 9% decrease, the Fund said.
This decrease is linked to the drop in butane gas prices and the application of a unit subsidy of 13% on butane gas bottles during this period, it added.
The sugar subsidy cost, both in quantity and value, decreased by 5% in 2020 compared to 2019.
The sugar subsidy amounted to MAD 3.248 billion by late December 2020 against MAD 3.407 billion a year before.
The payment of the subsidy for gas and sugar products, approved at the end of 2020, amounted to MAD 11.05 billion – MAD 8.3 billion for butane gas and MAD 2.75 billion for sugar.
The Fund’s outstanding costs by the end of December 2020 amounted to MAD 3.484 billion, including MAD 2.1 billion for butane gas and MAD 1.38 billion for sugar.