The Government Council, chaired by the Prime Minister Abbas El Fassi, adopted Wednesday, October 13th 2010, the Finance Bill of the year 2011.
Before the Council`s meeting, Mr. Salaheddine Mezouar, Minister of Economy and Finance, reported to the press that, for the 2011 Finance Bill, the Government maintained its commitments to ensure the continuity of priorities and strategic guidelines.
The Minister stressed that the government?s priorities are essentially the development of social policies, economic diversification, growth support, the improvement of Moroccan economy competitiveness and the integration of small and medium enterprises and those operating in the informal sector.
The Minister added that the provisions of the 2011 Finance Bill are also to maintain macro-economic stability in a changing climate and to develop infrastructures.
The 2011 Finance Bill expects a growth rate of 5%, an inflation rate less than 2% and fiscal deficit not greater than 3.5%.