Moroccan Prime Minister Aziz Akhannouch is preparing for extensive consultations on the Finance Law of 2023, which will focus on strengthening the foundations of the social state and reviving the national economy by supporting investment, in light of the difficulties in public finance.
The Finance Bill 2023 focuses on four major priorities related to strengthening the foundations of the social state, reviving the national economy by supporting investment, establishing regional justice, and restoring financial margins to ensure the sustainability of reforms. It also focused on the executive branch's commitment to continue carrying out the necessary reforms to strengthen the foundations of the social state, despite the highly turbulent context at the international level.
The government memorandum highlighted that this policy made it possible to maintain the stability of the epidemiological situation and to provide support for the benefit of affected families and companies with the launch of major reforms related to the generalization of social protection, and the revival of the national economy through the creation of the “Mohammed VI Fund for Investment and Public Sector Reform.” These measures also reflected positively on the macro-economic situation of Morocco, where the economy achieved an estimated growth rate of 7.9 percent at the end of 2021, a path that continued at the beginning of 2022, by opening the borders during the month of February, which enabled a number of sectors Important economic sectors, such as the tourism and air transport sector, are able to gradually restore their activity.
Source (Al-Arab Newspaper of London, Edited)
