HM King Mohammed VI chaired a Council of Ministers on Friday at the Royal Palace in Rabat during which the general orientations of the 2025 finance bill, the approval of decrees relating to the army, international agreements and the appointment of senior officials.
During the meeting, the Minister of Economy and Finance, Nadia Fettah, presented the 2025 finance bill, highlighting its main points in a difficult international context marked by geopolitical tensions and the escalation of crises climatic.
Despite headwinds, Morocco anticipates a growth rate of 3.3% in 2024 thanks to the ongoing economic and social reforms led by the King.
The finance bill is structured around four main axes. The first axis is the strengthening of the social state, which involves the establishment of universal social protection, in particular by the completion of direct social assistance benefiting around 4 million households.
Ongoing health and education system reforms will continue, as will reconstruction efforts in areas affected by the Al Haouz earthquake and rehabilitation of flood-affected regions in the southeast.
The second priority is to stimulate investment and job creation. The government intends to stimulate private investment through the Investment Charter while improving the business climate.
The bill will also focus on continued support for major ongoing projects, including the Generation Green strategy, green hydrogen initiatives and the transition to clean energy.
In addition, the bill includes a roadmap for job creation, targeting sectors with high employment potential and supporting small and medium-sized businesses.
he fourth priority is to ensure the sustainability of public finances. The government will take the necessary measures to restore financial balance, reduce budget deficits and prepare for potential economic risks and crises. The objective is to achieve a growth rate of 4.6% in 2025, with an inflation rate limited to 2%.
With MAP
Morocco
