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Medi1TV Afrique
  • 17/07/2024
MEDI1TV Afrique : JT Economie - 17/07/2024

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News
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00:00Welcome to Médien, right away, the newspaper of economic news.
00:10We start this newspaper in Morocco to prepare for the next agricultural campaign 2024-2025.
00:16The Ministry of Agriculture has launched a series of measures,
00:19in particular in terms of supply factors for vegetable and animal production,
00:23development of agricultural sectors, management of irrigation water,
00:27financing and support of farmers.
00:30Regarding seeds, the minister stressed that the government will continue
00:34the support of certified cereal seeds of about 40%
00:38to maintain prices at affordable levels for farmers.
00:42It is also planned for the second consecutive campaign
00:46the substitution of seeds and plants of tomato, onion and potato.
00:51Regarding fertilizers, Mr. Sadirki said that a supply of the market
00:55up to 650,000 tons of phosphate fertilizers is planned,
00:59at the same price as the previous campaign,
01:02noting that for the nitrogen fertilizers that are imported,
01:05the subsidy will be maintained at the same level as the campaign
01:08flowed up to 40% to 45% for a quantity scheduled for 5 million quintals.
01:13According to the Minister of Agriculture,
01:15the provisional program of autumn crops will be implemented
01:18taking into account the hydric availability in the rainy areas.
01:22It plans 4.36 million hectares of cereals,
01:26nearly 545,900 hectares of forage crops,
01:29nearly 300,000 hectares of food vegetables
01:33and 105,860 hectares of autumn crops.
01:36The implementation of this provisional program will depend on the climatic conditions
01:40and the availability of irrigation water.
01:44And then, still in Morocco, with this recent report of the Council of Competition
01:48which reveals an analysis of the fuel sector for the first quarter of 2024,
01:53gas and petrol imports in Morocco have reached a total of 1.47 million tons
01:59in the first quarter of 2024, representing a value of 12.89 billion dirhams.
02:05Compared to the same period in 2023,
02:08which represents an increase of 9.1% in volume and 0.9% in value,
02:14petrol, which accounts for 91% of imports,
02:17has seen its volumes significantly increase,
02:20reflecting an increased demand and an adequate response from importers.
02:24In parallel, the storage capacity of fuels has increased by 16%,
02:28reaching 1.50 million tons by the end of March 2024.
02:32The total number of gas stations in Morocco has increased,
02:36reaching 3,411 at the end of the first quarter of 2024,
02:40with the addition of 61 new stations.
02:43The nine main distribution companies have a total of 2,515 of these stations,
02:49thus consolidating their presence on the national market.
02:53And then, in the Congo, the state has just benefited from an immediate reduction
02:57of about 43 million US dollars.
03:00The amount is reduced by the FMI at the end of the fifth review of the agreement
03:04for the expansion of credit facilities,
03:07concluded in January 2022 with this Bretton Woods institution.
03:11According to the FMI, the economic recovery of the Congo slowed in 2023 to reach 2%,
03:16mainly reflecting an unexpected drop in oil production,
03:20strong floods, power outages and a weakening of public investment.
03:25Growth should be strengthened to reach 2.8% in 2024
03:30and maintain this medium-term dynamic,
03:33mainly driven by the oil sector,
03:36while the production of hydrocarbons stagnates.
03:39Inflation, which reached an average of 4.3% in 2023
03:42due to high import costs and high prices of fuels,
03:45should gradually decrease to reach the regional objective of 3% in the medium term.
03:52And then, in France, now and whatever the face of the future government,
03:58public finances must be the priority,
04:02an opinion shared by the Council of the European Union,
04:05which opened this Tuesday a procedure of excessive public deficit against France,
04:10while the rule is not to exceed 3% of GDP.
04:13Paris is now at 5.5%.
04:16Clearly, this means that over a year, the state spends more than it earns.
04:20Brussels therefore signs the end of the recreation
04:23and gives Paris the first obligation to reduce its deficit by 0.5 points per year.
04:28This is equivalent to 14 billion euros less,
04:31which corresponds to the budget of the Ministry of Justice.
04:34Second obligation, France will have to present a plan of consequent rebalancing
04:38to the European Commission for the next five years.
04:41If these commitments are not respected,
04:43the country is exposed to a fine of up to 2.5 billion euros per year.
04:47But this threat remains theoretical since these sanctions have never been applied.
04:53And that's the end of this economic newspaper.
04:56Stay tuned for the rest of the program.