The Moroccan House of Representatives approved by a majority the bill amending the budget for the year 2020, as the bill won the approval of 67 deputies in the Parliament (the first chamber in Parliament), and opposition of 44 others. The project is based on three main elements, including keeping pace with the gradual resumption of economic activity, maintaining jobs and accelerating the download of administrative reforms.
In this context, Minister of Economy, Finance and Administration Reform Mohamed Benchaaboun pointed out, during the general discussion of the draft law, that "The project constitutes continuity of the social priorities identified by the annual finance law, and it also constitutes a reinforcement and strengthening of these priorities by consolidating the measures taken to support the health sector, and strengthening the purchasing power of Moroccan families, and support the enterprise in order to maintain jobs." Benchaaboun stressed that "despite the expected decline in resources by about 40 billion dirhams (4.16 billion dollars), the investments of the state's general budget have been increased by 7.5 billion dirhams (781 million dollars)."
The government had approved the draft law amending the budget and expected a deficit of 7.5 percent of GDP and a contraction of the economy by 5 percent in the draft law amending the budget for 2020.
Source (The New Arab Newspaper, Edited)
