In a joint public session of both houses of the Moroccan Parliament, the Minister of Economy and Finance presented the Finance Bill for the 2025 fiscal year, highlighting global and national economic challenges and the government’s plans to address them.
Key Points of the Bill:
- Economic Growth: The government expects economic growth of 4.6% in 2025, focusing on strengthening non-agricultural sectors and exports.
- Health Reform: The bill includes a comprehensive plan to reform the national health system, including the generalization of basic health insurance and improving health infrastructure.
- Family Support: Launch of a financial support program for families, guaranteeing a minimum of 500 dirhams per child.
- Education and Scientific Research: Allocation of a budget exceeding 16 billion dirhams for higher education and scientific research.
- Purchasing Power Support: Measures to support citizens’ purchasing power, including subsidies for essential commodities.
- Tax Reform: Reform of income tax, with an increase in the exemption threshold for annual incomes.
- Investment Promotion: Adoption of a new investment approach to improve the business climate and strengthen Morocco’s position in global value chains.
- Combating Unemployment: Implementation of an integrated action plan to reduce unemployment rates, especially among youth.
- Financial Sustainability: Goal to reduce the budget deficit to 3.5% of GDP in 2025.
The Minister emphasized that this project comes within the framework of a royal vision for comprehensive development, stressing the importance of cooperation between the government and parliament to face economic challenges. He also pointed to recent achievements, including the significant increase in the tourism sector and the rise in foreign investments in the country.
The 2025 Finance Bill reflects the government’s commitment to balancing ambitions and capabilities, focusing on effective social reforms and sustainable development in the kingdom.