Highlights

Adoption of the Finance Bill 2013 by the House of Representatives : 26/11/2012

Adoption of the Finance Bill 2013 by the House of Representatives

The House of Representatives adopted in plenarysession, early Sunday, November 25th 2013, the Finance Bill for the year 2013, which obtained 137 votes for and 56 against.

The Finance Bill must then be submitted to the House of Councillors for discussion and vote. About 250 amendments were proposed by the majority groups (58) and the opposition (192).

These amendments, some of which have been approved by the Government, focused mainly on strengthening transparency, the implementation of tax equity, thepromotion of social solidarity and the support of the attractiveness of Morocco to investments.The Finance Bill for the year 2013 aims, in particular, a growth rate of 4.5% and the reduction of the budget deficit to 4.8%.