The Finance Bill 2009 was adopted by the Government Board on Tuesday, October 14, 2008 in Rabat. This followed the presentation of this Finance bill Project by Mr. Salaheddine MEZOUAR, Minister of Economy and Finance.
Mr. MEZAOUAR stated that this project was elaborated taking into consideration constraints related to the international economic and financial environment.
He further indicated that this Finance Bill will continue to endorse the new sector-based strategies in the following sectors: Agriculture, energy, industry, new information technologies and phosphate, in order to develop new sectors which can speed up the pace of growth. The 2009 Finance Bill provides for support plans in social setors whose share in the state budget has been increased to 53%, an increase that should benefit the education and health sectors.
Based on a $100 oil barrel price, the 2009 Finance Bill anticipates a 5.8% growth rate, an inflation rate stabilized at 2.9%, and a budget deficit of the same rate.