JT Economie - 23/05/2024
MEDI1TV Afrique : JT Economie - 23/05/2024
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00:00Hello and welcome to Medi-1's economic news.
00:10Morocco's annual inflation should reach 2.2% this year, despite the government's decision
00:18to reduce subsidies for butane gas.
00:21These are the words of the Minister of Economy and Finance, Nadia Ftah al-Awi,
00:26who spoke at a meeting of Arab financial officials in Egypt.
00:31As part of a series of CONEXX measures, the executive has allocated nearly $2.5 billion
00:37to direct aid for vulnerable households, in parallel to universal social coverage
00:44and a two-phase general increase in wages.
00:47The minister indicates that on the same occasion that Morocco will issue an international obligation in 2024,
00:54Nadia Ftah al-Awi did not give more details on a possible offer.
00:59The last international loan from Morocco dates back to March 2023,
01:03when the country issued an obligation of $2.5 billion.
01:09At the height of national news, territorial communities have also recorded
01:14a budget surplus of 5.6 billion dirhams at the end of April,
01:20compared to an excess of 1.6 billion dirhams in the previous year.
01:24According to the Treasury of the Kingdom, this surplus includes a positive balance of 413 million dirhams
01:32from special accounts and annexed budgets.
01:35Ordinary revenues of territorial communities have reached 13.6 billion dirhams,
01:40increasing by 13.5% thanks to the increase in revenues transferred,
01:45revenues managed by the state and revenues owned.
01:48In parallel, total expenses have decreased by 18%,
01:52reaching 9.7 billion dirhams, of which 74.6% are ordinary expenses.
02:00The total budget surplus, including those of previous years,
02:04rises to 56.3 billion dirhams.
02:07These funds are intended to cover the expenses committed in the country and the new expenses of 2024.
02:14In Morocco, Bouygues Construction has announced that it will carry out the construction
02:19of the International University Hospital Mohamed VI Araba.
02:23It will be the Moroccan subsidiary of Bouygues Bimarro, which will carry out this important project.
02:29Delivery is scheduled for September 2025 for an amount of nearly 450 million euros,
02:35to specify the subsidiary of the diversified group Bouygues in a statement.
02:39This hospital will be made up of four six-story buildings and a 25-story tower.
02:47We stay in Africa, more precisely in South Africa,
02:51which has one of the highest unemployment rates in the world,
02:55reaching nearly a third of the active population.
02:58Among young people, the phenomenon is even more alarming, at nearly 45.5%.
03:03According to economists, in previous decades,
03:06growth was too slow to absorb the increase in unemployment in 2008.
03:11For example, the unemployment rate was already 20%,
03:15plagued by a shortage of electricity and corruption.
03:18The GDP of the most unequal country in the world, according to the World Bank,
03:23only increased by 0.6% in 2023.
03:27The UN qualified in 2022 this shortage of bombs
03:31late with more than 25 million South Africans in need of social assistance.
03:37We continue our economic newspaper.
03:39In the United States, the US administration announced the cancellation
03:43of $ 7.7 billion in additional student loans in favor of 160,000 Americans.
03:51In April, the executive had announced a new series of student loan cancellations
03:56totaling $ 7.4 billion for 277,000 borrowers.
04:01This new announcement carries the total number of Americans whose loans have been canceled
04:06to 4.75 million, indicated the White House.
04:09In June, the Supreme Court of the United States rejected a plan to cancel student loans
04:15from President Joe Biden, which was raised to nearly $ 400 billion,
04:19the country's highest jurisdiction.
04:22The White House then underlined that the Congress had not authorized the executive power
04:26to cancel student loans.
04:28Note that the measure announced by the federal administration
04:31intervenes in full for the presidential elections next November.
04:37This is the end of our edition today.
04:39Good follow-up of programs on Median.