The Minister Delegate in charge of the Budget, Fouzi Lekjaa, affirmed that the government continued, during the year 2024, its commitment to reorient public finances towards greater sustainability.
Lekjaa, who presented a preliminary assessment of the execution of the Finance Law (LF) 2024 during the meeting of the Government Council, meeting Thursday in Rabat, underlined that the execution of this Finance Law takes place in a difficult context where the he national economy faces an international situation marked by moderate growth, due to rising geopolitical and climatic risks.
During a press briefing held at the end of the Governing Council, the Government Spokesperson, Mustapha Baitas, indicated that Lekjaa specified that taking into account the provisional situation of execution of the LF-2024, the Budget deficit continued its downward trend to stand at 4% of GDP in 2024, compared to 4.3% in 2023.
This control of the budget deficit results from the improvement in ordinary revenue which increased by more than 47.4 billion dirhams (billion dirhams), or 14.6% compared to 2023, he explained. The minister further noted that this dynamic in ordinary revenues is mainly attributable to the continued increase in tax revenues of MAD 35.9 billion, or 13.6% year-on-year.
-In this wake, the debt rate remained at the level recorded in 2023, namely 69.5% of GDP at the end of 2024.
Furthermore, Baitas announced that the Governing Council decided to postpone the examination of bill n°74.24 relating to the creation and organization of the Foundation of social works of civil servants of the prison administration and reintegration, until a later date. subsequent meeting.
Morocco
