The Minister of Economy, Finance and Administration Reform, presented to His Majesty the King, may God assist him, the general guidelines of the 2020 Finance Bill at the Council of Ministers, presided over by His Majesty, on Wednesday, October 9, 2019 at the Royal Palace in Rabat.
The 2020 Finance Bill, based on the guidelines contained in the Royal Speeches of His Majesty the King, rests on four major priorities:
- Firstly: The effective implementation of the framework law on the reform of the education and training system, as a basis for reducing disparities, establish the principle of equality of opportunity, strengthen social support for schooling and implementing the roadmap for the development of vocational training, particularly with regard to the creation of regional skills and trades towns and the modernization of curricula through work-based training and apprenticeship training, as well as the assessment and development of the entrepreneurial spirit, especially among young people working in the informal sector.
- Secondly: The establishment of social protection mechanisms, the support of the middle class and the strengthening of the targeting of the poor through, the improvement and increased availability of medical services, the expansion of health coverage, and the operationalization of health insurance, as well as the implementation of Social Dialogue commitments, the improvement of the targeting of categories in precarious situations, the gradual development of the direct support they receive, the acceleration of the implementation of the program to combat territorial and social disparities in rural areas, and support for the third phase of the National Initiative for Human Development.
- Thirdly: Accelerating the implementation of regionalization, as a powerful medium with which to address territorial disparities and achieve the expected balance between the general development effort and the specific characteristics of each region, through the increase of resources of the regions and the acceleration of the implementation of the Administrative Decentralization Charter.
- Fourthly: Providing new impetus to investment and the support of companies, by focusing on the implementation of the recommendations of the third national conference on taxation, the continued progress in the reduction of value added tax debt, the reduction of payment terms, in addition to the creation of a fund for the promotion and financial support of small, very small and medium-sized enterprises.