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General Affairs and Governance Minister Najib Boulif said the reforms "will take place within a month at the latest", and that the government does not plan to make other major changes to spending in 2012.
"Our (spending) priorities for 2012 will not change. We will however reform the subsidies system, which should enable us to save a few billions (dirhams) this year," Boulif said on the sidelines of a World Bank competitiveness conference.
Morocco closed 2011 with budget and current account deficits of around 6 percent of its $100 billion GDP - which roughly equates to the amount of money it spent the same year to subsidize wheat, sugar and energy products.
Reuters
"Our (spending) priorities for 2012 will not change. We will however reform the subsidies system, which should enable us to save a few billions (dirhams) this year," Boulif said on the sidelines of a World Bank competitiveness conference.
Morocco closed 2011 with budget and current account deficits of around 6 percent of its $100 billion GDP - which roughly equates to the amount of money it spent the same year to subsidize wheat, sugar and energy products.
Reuters
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