Join on WhatsApp
Join on Telegram
Rabat – Morocco’s new finance bill for the 2022 fiscal year will prioritize accelerating the ongoing administrative reform, according to the budget implementation and macro-economic framing report issued on September 4.
The report, which covers the 2022-2024 period and was published on the website of the Ministry of Economy, Finance and Administration Reform, set the government’s priorities for the defined period of time.
The list of priorities include simplifying administrative procedures, digitizing and activating the National Charter for Administrative Decentralization, as well as implementing the Public Utilities Charter.
Built around four key priorities, the framework note of the 2022 Finance is in the process of being implemented with the newly issued report. Previously, the framework was reported to focus on revitalizing the productive sectors and optimizing their capacity to generate employment and value. It also extended compulsory health insurance coverage to vulnerable populations receiving assistance from Ramed, Morocco’s national health insurance program.
Additionally, the framework for the year 2022 will also implement legislation pertaining to the educational system and contribute to implementing recommendations of the Special Commission on the Development Model.
In order to accelerate the reform of public institutions and contracting services, the government intends to speed up the implementation of provisions in the framework law, according to the macro-economic framing report.
Public institutions and contracting services not meeting the established requirements will be closed, it added.
By cutting funding to institutions and linking it to their performance, along with their commitment to achieving financial independence, the new financial note should give public institutions greater financial autonomy.
These are strengthening the foundations for the recovery of the national economy, reinforcing integration mechanisms and progress on social development, bolstering human capital as well as reforming the public sector and consolidating governance.
In order to alleviate the fiscal pressure on the Moroccan government, the Ministry of Finance seeks to create holding companies by integrating public institutions that overlap or converge.
In addition, the report confirms the adoption of a law establishing a “National Agency for the Strategic Management of State Contributions and the Tracking of the Performance of Public Enterprises and Contracting.”
The creation of this new state agency will allow for the tracking, management and planning of public institutions’ financing and contracting deals.
It is expected that the ministry will remain focused on efficiency as part of the ongoing Moroccan administrative and financial reform.
An important axis for the success of Morocco’s ambitious projects includes reforming the public sector and strengthening governance mechanisms. These methods will enable the country to rethink its development model, generalize social coverage, and boost investment in human capital.
The ministry’s statement also emphasizes the importance of the reform in fighting corruption, controlling state expenditures, and improving the autonomy of regional public institutions across the country.
