As part of its field of responsibility, the Ministry of Economy and Finance is in charge of financial and monetary issues, including credit and external finance policies.
The Ministry is responsible for the financial supervision of public or semi-public enterprises and entities and, if necessary, largely contributes to the transfer of these enterprises and entities to the private sector, in accordance with laws and regulations governing the privatisation process.
More specifically, the main responsibilities of the Ministry are:
In budget and taxation matters :
Elaborating the finance bill and following up on its implementation and effective execution;
Defining, discussing and designing tax and customs policies, and following up on their implementation
Collecting public revenues;
Paying for public spending.
In financial matters :
Defining the conditions of internal and external financial balance, and devising provisions and measures for their implementation;
Overseeing the technical and regulatory supervision of financial institutions and mediators;
Representing Morocco in regional and international financial institutions.
In audit matters :
Auditing public revenues and spending;
Auditing public enterprises and institutions, and, more generally, any entity receiving financial support from the state or any other public body;
Auditing local and regional authorities;
Regulating and auditing the affairs of insurance and reinsurance companies.
In re-structuring and asset-disposal matters :
Auditing public enterprises and entities, notably for re-structuring and nationalisation contingencies;
Drawing up the list of entities to be transferred or privatised within the framework of the finance bill;
Preparing transfer and privatisation dossiers that include professional recommendations, after rounds of consultation;
Preparing and finalising programme contracts to be signed with public institutions, and following up on their effective implementation.
The Ministry is also in charge of :
Carrying out acts relating to the movable assets and real-estate owned by the state;
Managing spending of public judicial administrations, through the kingdom’s judicial agency.
