The House of Representatives adopted, November 18th 2013, by the majority, the first part of the t Finance Bill (PLF) 2014. This section was adopted at a plenary session, by 110 votes for, 37 against and 0 abstentions.
The PLF 2014 focuses on four main areas related to pursuing the development of the legislative and institutional systems and accelerating structural reforms, promoting the growth momentum through supporting investment and businesses, consolidating social mechanisms, as well as sustaining public assets and controlling budget deficit.
The PLF 2014 aims to reduce the budget deficit to 4.9 pc of (GDP) , based on a growth rate of 4.2 pc , an average rate of 8.5 dirhams against the U.S. dollar and an average oil price of U.S. $ 105 a barrel.
The Finance Bill for the year 2014 doesn't focus on a purely accounting approach. It's rather part of an overall vision that oversees public policies for the coming three years to meet the challenges , stated Sunday , the Minister of Economy and Finance, Mr. Mohamed Boussaïd , answering questions from members of the majority and the opposition in the presence of the Head of Government, Mr. Abdelilah Benkirane and members of the government.