Public finances: the situation remains under control

The situation of public finances in Morocco remains under control, despite the additional and urgent expenditure mobilized, indicates the framework note for the finance bill (PLF) for the 2023 financial year, addressed by the Head of Government to the departments ministerial.

“Morocco’s public finance situation remains under control, thanks to the positive momentum recorded in the collection of ordinary revenue, which increased by 28 billion dirhams (MMDH) at the end of June 2022, which represents an increase of 24% compared to the same period a year earlier and an achievement rate of 56% compared to the forecasts of the 2022 finance law”specifies this note.

Overall, continues the same source, public finances have shown solidity and resilience in the face of external shocks, which has enabled the Kingdom to preserve its financial sovereignty, with the possibility of mobilizing additional financial margins capable of preserving the budget. dedicated to public investment, on the one hand, and to put the Treasury’s debt on a downward trajectory, on the other.

Moreover, the recent World Bank report stated that Morocco, despite the current external shocks, continues to have better financial indicators than those of the majority of emerging and developing economies.

Also, the International Monetary Fund (IMF) hailed the financial and macroeconomic stability of Morocco, thanks to the measures taken by the Executive and Bank Al-Maghrib (BAM).

In addition, the said framework note reviews the measures taken by the government, in particular to control the rise in prices and limit its repercussions on the purchasing power of citizens, in parallel with the mitigation of the effects of the drought, by dedicating more than 30 billion additional dirhams to support basic necessities, the transport, tourism and agriculture sectors.

It was also a question of facing, in all rigor and responsibility, speculation and price manipulation, in application of the High Guidelines of the King.

In addition, the consecration of social peace is a priority for the government, through the signing of the National Charter of Social Dialogue with the economic and social partners, including several measures capable of improving the financial situation of employees and civil servants. .

Similarly, it is about the completion of reform and development projects, the continuation of the implementation of structuring projects and the commitments of the government within the framework of the implementation of its program, in execution of the Hautes Orientations Royal and in accordance with the recommendations of the new development model (NMD) to meet the expectations of citizens and this, with a view to laying the foundations for a qualitative and structural transition on the economic, social and environmental levels.

At the head of these reform projects is that of the generalization of social protection, which constitutes one of the fundamental pillars for strengthening the foundations of the social State.

The government is also ensuring that it moves forward with the implementation of other structural reforms, accelerating their pace and strengthening their convergence.

It is also about the reform of Health, Education and training, the consecration of spatial justice via the strengthening of regionalization and the role of local authorities in development, in addition to the acceleration of the decentralization of administration, the simplification and digitization of procedures and the strengthening of governance, as well as the revival of investment through the implementation of the new Investment Charter and support for businesses and to national products.


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