Highlights

The Finance Bill 2015 adopted in second reading by the Commission of Finance and Economic Development of the House of Representatives : 23/12/2014

The Finance Bill 2015 adopted in second reading by the Commission of Finance and Economic Development of the House of Representatives

The Finance Bill 2015 (PLF) was adopted Monday, December 22nd , 2014 by the majority vote and second reading by the Commission of Finance and Economic Development of the House of Representatives. The text was adopted by 21 votes for and 06 against, with no abstentions. The meeting was attended by the Minister of Economy and Finance, Mr. Mohammed BOUSSAID and the Minister Delegate in charge of the Budget, Mr. Driss El Azami El IDRISSI.

The Finance Bill 2015, which was developed on the basis of a barrel of oil at 103 dollars and an exchange rate of $ 1 to 8.6 dirhams, provides for a growth rate of 4.4 per cent and a budget deficit of 4 3 pc, an exchange rate of 8.6 dirhams / dollar, the reduction of the balance of payments’ deficit to 6.7 pc and the creation of 22,000 jobs.

The guidelines of the 2015 PLF arise from the High Royal Orientations contained in the last speech of His Majesty the King may God Glorify him on the occasion of the Throne Day, the Revolution of the King and the People, or the opening of the legislative year, calling for mobilization, more than ever, everyone for consolidating what has been achieved.

In terms of the major objectives of the Finance Bill 2015, they are as follows:

  •  Boosting the national economy, improving competitiveness, promoting private investment and support to the businesses;

  •  Accelerating the implementation of the Constitution and the major structural reforms and the implementation of regionalization;

  • The strengthening of social cohesion, reducing social and spatial disparities, further support for social programs and the promotion of employment;

  • The continuation of the gradual recovery effort of macroeconomic balances.

The Finance Bill 2015 aims to reduce the budget deficit and increase the level of public investment.