Verme, Paolo; El-Massnaoui, Khalid; Araar, Abdelkrim - In: World Bank - Economic Premise (2014) 134, pp. 1-5
The cost of the subsidy system in Morocco peaked at 6.6 percent of gross domestic product (GDP) in 2012, an amount larger than the country’s total investment budget for that year. Direct subsidies to households in 2013 (October 2013 prices) are estimated at DH34.4 billion (US$4.1 billion, or...