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Rabat – Morocco’s Minister of Economy and Finance Nadia Fettah stressed on Thursday that the newly adopted draft budget bill – the 2023 Finance Bill – respects and aligns with achieving macroeconomic balances, aiming to maintain an equilibrium between the country’s supply and demand.
Fettah emphasized that the draft takes the impact of the current crisis on the country’s economy into consideration, adding that the bill is committed to reforming and strengthening structural projects.
The minister made the statements in response to interventions by members of the parliament at the House of Representatives in Rabat.
Fettah described the 2023 Finance Bill as an “ambitious project” that could help stimulate socio-economic development, a reflection of the Moroccan government’s commitment to implementing the New Development Model.
The 2023 Finance Bill has been developed in a complex and exceptional international context, the minister added, highlighting the series of crises that have disrupted the global public finances and macroeconomic balances.
Alongside all partners and stakeholders, Morocco’s government has been accelerating efforts to implement the reforms that the 2023 Finance Bill addresses. These include vulnerable categories, unemployed people who are registered in the National Fund of Social Security, as well as reform in the country’s pension system.
In addition, Fettah noted that the budget allocated to local authorities has been increased, explaining that MAD one billion has been devoted to digitization, with the aim of facilitating administrative procedures for citizens.
MWN with MAP
