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Morocco budget deficit soars a year after wage hikes

August 13, 2012 Comments Off on Morocco budget deficit soars a year after wage hikes

August 13, 2012, 5:10 pm

RABAT (Reuters) – Morocco’s budget deficit jumped almost five-fold in the 12 months to end-July, following the entry into effect of higher wages and pensions for the public sector.
The budget deficit stood at 23.6 billion dirhams during the January-July, 2012 period …

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