The Committee on Finance and Economic Development adopted by majority, Wednesday in the House of Representatives, the first part of the finance bill (PLF) for the year 2025.
At the end of a discussion session lasting 23 consecutive hours, the first part of the PLF 2025 was approved by 26 votes for and 11 votes against.
More than 540 amendments were submitted during this session which took place in the presence of the Minister Delegate in charge of the Budget, Fouzi Lekjaa.
“The work was marked by a healthy and responsible debate between the government and the deputies, both from the majority and the opposition,” underlined the president of the Finance and Economic Development Committee, Zaina Chahim, in a statement. to the MAP at the end of this discussion session, specifying that the government had responded favorably to several proposed amendments. Ms. Chahim also indicated that the main amendments concern the African Atlantic Gas Pipeline and the sporting events that the Kingdom will host, whether they are continental (African Cup of Nations – CAN) or international (2030 World Cup), as well as the modification of certain legislative provisions, in particular those relating to the customs code and the tax code.
Referring to the modifications made to certain legislative provisions as part of support for national industry, Ms. Chahim indicated that the Executive also took into account the amendments presented, both by the opposition and by the majority, concerning the measures and procedures relating to notaries.
The Minister of Economy and Finance, Nadia Fettah, assured, during the general discussion sessions of the PLF at the Committee on Finance and Economic Development, that this text reflects the government’s firm desire to continue efforts to implement implements the commitments of the government program for the period 2021-2026, while adapting to successive crises and the economic situation of each year.
She also noted that the continuity of the government program, despite an uncertain international context and a national environment marked by numerous challenges, illustrates the stability of government policy and its resilience in the face of crises.
The minister also underlined the Executive’s confidence in achieving the growth rate planned for 2025, based on precise national data and taking into account global forecasts, particularly in the euro zone, Morocco’s first economic partner.
The minister also recalled the social measures put in place by the government, such as the increase in the share of value added tax (VAT) allocated to local authorities, going from 30% to 32%, as well as as the improvement of employees’ income thanks to the reduction of income tax (IR).
Ms. Fettah had also indicated that an exceptional amount of 340 billion dirhams (billion dirhams) was allocated to public investment in 2025, due to major projects and ambitions for the coming phase, including 17.6 billion dirhams (billion dirhams) for the equipment and water sector, 11.6 billion dirhams for agriculture and 6.6 billion dirhams for housing, specifying that these investments directly benefit Moroccan companies.
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