Rabat, January 19, 2012 (MAP)
Rabat, January 19, 2012 (MAP)
The government program aims to achieve a growth rate of 5.5%, control the inflation rate around 2% and reduce the unemployment rate to 8% in the period 2012-2016, said on Thursday Moroccan Prime Minister Abdelilah Benkriane.
The government program aims to achieve a strong, sustainable and generating- employment-opportunities growth rate, based on the support of domestic demand through improving purchasing power, promoting investment and strengthening external demand.
This will be achieved by improving the competitiveness of Moroccan companies and their ability to explore the markets, said Benkirane who presented the government statement during a plenary session of both houses of parliament.
The program also aims to achieve a growth rate of 6% of non-agricultural GDP to ensure a gradual return to a level of fiscal deficit around 3% of GDP during the period 2012-2016 and to increase savings rates and investment, while curbing the current account deficit of balance of payments, said the government statement.
The program also seeks to improve the competitiveness of the national economy as a whole in order to enable it to be positioned, at the geographical and development levels, among emerging markets over the next decade and to involve different sectors to the growth dynamics in an integrated and complementary way, added the document.
To this end, the program is based on improving governance, fighting speculation, and monopoly, the promotion of efficient administration, improving the business climate, promoting investment and strengthening the territorial dimension and regional development, as well as supporting small and medium enterprises with the aim of promoting employment.
To ensure a gradual return to a level of fiscal deficit around 3% of GDP, the government program provides for the establishment of good governance in public financial management and the adoption of a rational public spending linking expenditure to necessary needs.
