Highlights

The new Constitution will allow Morocco to complete its economic transition : 10/09/2012

The new Constitution will allow Morocco to complete its economic transition

The new Constitution can provide Morocco with the tools to complete its economic transition, characterized in particular by the cumulative adoption of sector based strategies and gradual preparation of an environment conducive to progress, indicated, Friday, September 7th 2012 in Rabat, Mr. Nizar Baraka, Minister of Economy and Finance.

"Economic rights are explicit (in the Constitution) and sustain an open and liberal policy based on social dimensions strongly committed to equal opportunities and the fight against all forms of exclusion," affirmed Mr. Baraka at the opening ceremony of the 6th International Symposium on Public Finance, held under the theme " public finance Transparency: towards a new model."

"The reform of the Organic Finance Law and the launch, for more than two years, of the regionalization project offer new opportunities for the development of efficiency, transparency, accountability and people`s involvement so as to match their interests as closely as possible, "he indicated.

The Minister went on to say that transparency was further intensified by the entrenchment of different institutions to dedicate devote this value, citing this as the Economic and Social Council (CES), the Competition Council, the National body of probity and fight against corruption and the National Council for Human Rights.

For his part, Mr. Noureddine Bensouda, the Treasurer General of the Kingdom, noted that the issue of transparency distinguishing this edition of the international symposium "is more than justified." "As for finance and budget decision-making, it is time to be implemented within a system of transparency as a key lever to meet the expectations of society," he explained.

Mr. Bensouda added that the general trend of increasing public budgets and the diversification of government intervention "call on policy makers to consolidate public policy, guarantee transparency," focusing on the search for operational tools respecting the new model of transparency of the Moroccan public finance system.

For his part, the President of the International Foundation of Public Finance (FONDAFIP), Mr. Michel Bouvier, highlighted the importance to discuss public finance transparency, for the fact that modern societies are "more complex than ever" which increases the risk of opacity.

In addition, to overcome the "gloomy" international economic situation, "we need in particular to identify and shape the ongoing changes and those to come, and build new economic, political and social models," insisted M. Bouvier, who is also founder of the French public finance Magazine RFFP).

Within this framework, participants agreed that the crisis did not disappeared and the theme for this 6th edition reflects the impact of this economic situation on how to develop the public finance system in order to improve its effectiveness and transparency.

This event, held from September 7th to 8th, by the Ministry of Economy and Finance and FONDAFIP, with the support of the RFFP, knows the participation of Moroccan and French senior officials, including Mr. Driss El Azami El Idrissi, Minister Delegate in charge of the Budget, the president of THESE, Mr. Chakib Benmoussa, and the vice-president of the French Senate, Mr. Charles Guene.

During this meeting, three roundtables are scheduled, on "Transparency and public financial decision", "Transparency and management tools" and "transparency and control".