Fouzi Lekjaa, the Minister Delegate to the Minister of Economy and Finance in charge of the Budget, affirmed during his recent intervention in the House of Councillors that the voluntary tax settlement introduced in the 2024 Finance Law reflects the full confidence Moroccan citizens place in the tax administration and government officials.
Lekjaa highlighted that this initiative has injected 125 billion dirhams into the national economy, reinforcing investment momentum and creating new opportunities to support economic growth. He explained that the decision to apply only a 5% settlement tax was part of a strategic vision aimed at reinvesting these funds into productive projects rather than imposing high taxes that could discourage participation.
According to Lekjaa, tax revenues increased by 10% in January 2025 compared to the same period last year, reaching 27.1 billion dirhams, with expectations of further growth by March due to the ongoing voluntary declaration process.
Furthermore, the minister emphasized that the voluntary settlement directly contributed to improving the country’s financial balance by significantly reducing the budget deficit. The government aims to bring the deficit down to 3% by the end of its term, a substantial improvement from 7.8% at the beginning of the mandate.
In addition to financial reforms, Lekjaa stressed that the government has maintained a balance between fiscal consolidation and funding social programs, which have reached 100 billion dirhams, including 35 billion dirhams allocated to support citizens’ purchasing power.
Concluding his address, Lekjaa underscored that strengthening trust between citizens and the state is key to attracting investments and driving development. He affirmed that the positive results achieved thus far are clear evidence of the government’s success in managing public finances effectively.
source : fesnews media