As a global recession looms Morocco’s $10 million subsidy to textbook publishers seeks to keep prices down for cash-strapped parents.
The subsidy is restricted to primary and secondary school text books for the new academic year and is worth MAD 105 million, reports Morocco World News, which explains:
Given the overall price inflation, Moroccan textbook publishers recently announced plans to increase textbook prices by 30%, prompting the government to increase selling price subsidies.
As part of the Million Backpacks initiative the Moroccan government already funds 70% of elementary-level textbooks, so the new measure is in keeping with Morocco’s commitment to education.
Morocco World News has further details.