In a press briefing following the Government Council meeting, government spokesperson Mustapha Baitas unveiled details of a special initiative launched by the National Social Security Fund (CNSS) to assist businesses facing financial difficulties in fulfilling their obligations to the fund. The initiative, which began on October 17, 2023, under a ministerial decree by the Minister of Economy and Finance, is set to run until January 15, 2025.
The program offers partial and temporary exemptions on late payment penalties, fines, and debt collection costs for the 2024 fiscal year and earlier. Various facilitation measures were introduced to encourage businesses to settle their debts. Businesses opting for full payment benefit from a 60% reduction on late fees and a 90% reduction on fines. Those choosing to pay over a period of 24 months or less receive a 50% reduction on late fees and 80% on fines, while businesses opting for payment plans extending beyond 25 months receive a 40% reduction on late fees and 70% on fines.
To ease the process, the CNSS opened all its branches nationwide on January 11 and 14, 2025, and simplified application procedures through the online platform “Damancom.” By January 15, 2025, a total of 6,816 businesses had benefited from the initiative, with 77% operating in sectors such as trade, construction, services, and hospitality. Notably, 63% of these businesses were small enterprises with fewer than five employees.
The total exemptions granted amounted to approximately 3 billion Moroccan dirhams, reflecting the positive response to the initiative. Baitas emphasized that these measures align with the government’s efforts to support the national economy and ensure business sustainability, particularly amid current economic challenges. He reaffirmed the government’s commitment to providing further support for businesses to achieve sustainable development and strengthen the country’s economic fabric.
source : fesnews media