Morocco’s  Finance Bill 2022 is forecasted to grow at a rate of 3.2% and a budget deficit of 5.9% of Morocco’s GDP.

Morocco’s he Council of Government, chaired by the Head of Government Aziz Akhannouch, examined the finance bill on Monday.

The forecasts of the finance bill were presented during a press briefing by the government spokesperson, Mustapha Baitas; Nadia Fettah Alaoui, minister of economy; and Fouzi Lekjaa, minister delegate in charge of budget.

During the presentations, the officials predicted that the 2022 Finance Bill will result in the creation of 250,000 direct job opportunities in two years.

“The budget bill was prepared on the assumption of an estimated crop year of 80 million quitals and an average price of butane gas of $450 per tonne,” the spokesperson said.

The government council examined the draft finance bill for the year 2022 following a ministerial council meeting that was held in Fez on Sunday.

Alaoui's presentation to the King indicated that the bill will revolve around multiple axes.

The axes will prioritize the implementation of the new development model, which will seek to boost Morocco’s economy and improve the health sector.

Through the development model, Morocco seeks to initiate a universal social protection system.

The finance bill seeks to accelerate the generalization of preschool education for the purpose of strengthening the “basic knowledge” of children in primary schools.

The bill seeks to improve administrative work by accelerating the digitization of government services and administrative procedures. 

source: moroccoworldnews