Key Amendments to Morocco’s 2025 Finance Bill Highlight Commitment to Social Justice and Economic Reform

During the plenary session held on Friday, December 6, 2024, dedicated to the second reading of the 2025 Finance Bill, Azzedine Al Amraoui, a parliamentary representative of the Istiqlal Party for Unity and Egalitarianism, delivered a significant speech. He addressed the major amendments and proposals introduced to the bill following its discussion in the House of Councillors, emphasizing the government’s strong commitment to advancing major projects initiated by His Majesty King Mohammed VI to strengthen the social state and implement vital reforms across multiple sectors.

Al Amraoui expressed the Istiqlal Party’s unwavering support for reforms targeting the taxation system, educational and training systems, healthcare infrastructure, and the investment framework in its legislative, economic, and social dimensions. He noted that the Finance Bill reflects reformative policies aimed at achieving social justice and improving citizens’ living conditions, particularly retirees. He lauded the tax exemption on pensions, describing it as a bold move aligning with the just demands of a group that has greatly contributed to the nation.

He further highlighted the alignment of this measure with the party’s long-standing advocacy for improving retirees’ welfare and ensuring fairness for them. Expanding the tax exemption to include a broader segment of retirees is expected to enhance the economic and social conditions of the middle class, which forms a cornerstone of social and economic stability and fosters confidence in the future among its members.

Al Amraoui also touched on the critical amendments in the economic realm, particularly those aimed at supporting domestic production, promoting the agricultural sector, and enhancing industries such as pharmaceuticals, honey production, and saffron cultivation. These changes, he argued, will bolster the national economy by enhancing its competitiveness both locally and globally, benefiting farmers and local industries alike.

In conclusion, Al Amraoui emphasized that these amendments reflect the government’s full understanding of parliamentary demands from both majority and opposition parties. He praised the government’s constructive engagement with these proposals, showcasing the positive interaction among the various components of parliament. The amendments to the 2025 Finance Bill, he noted, strike a balance between strengthening the national economy and achieving social justice—marking an important step toward fostering stability and development in Morocco.

source : fesnews media

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