Highlights

The Minister of Economy and Finance presents the Finance Bill for the year 2017 in plenary session before both Houses of Parliament : 28/04/2017

The Minister of Economy and Finance presents the Finance Bill for the year 2017 in plenary session before both Houses of Parliament

Mr. Mohammed BOUSSAID, Minister of Economy and Finance, made, Thursday April 27th 2017 in plenary session before the members of both Houses of Parliament, the speech on the Finance Bill (PLF) for the year 2017.​

The 2017 PLF expects a growth rate of 4.5%, a budget deficit of 3% of GDP and an inflation limited to 1.7%. It is also based on the assumption of an average price of butane gas of 350 dollars per tonne.

The 2017 PLF  provides for a public investment volume of around 190 billion Dirhams (MMDH) allocated as follows:

  • 67 MMDH for the State budget;
  • 107 MMDH for the budget of public institutions;
  • 16 MMDH for the local authorities' budget.

For the number of budget positions to be created for the year 2017, the PLF sets it at 23,768 in addition to the 11,000 jobs created for the benefit of the regional education and training academies.

The FP 2017 is based on three priorities:

  • The setting up Starting in 2017, of a new approach to the management of investment projects based on the principles of performance and economic and social profitability;
  • The ceiling on spending on payroll from 2017 onwards;
  • The pursuing of the control of equipment expenditures and miscellaneous expenditures.

The 2017 PLF guidelines include four items:

  • Accelerating the structural change of the national economy with emphasis on industrialization and export promotion;
  • Strengthening the competitiveness of the national economy and promoting private investment;
  • Qualification of human resources;
  • The reinforcement of institutional governance tools.