Morocco’s House of Representatives on Tuesday approved the liquidation bill for the 2023 finance law, with 82 votes in favor and 31 against.
Budget Minister Delegate Faouzi Lekjaa explained that liquidation laws are required annually to formally close out the state’s budget, certify final accounts, and ensure government spending matched what Parliament approved.
He noted that this year’s liquidation confirms the government’s commitment to fiscal discipline, with the 2023 deficit narrowed to 4.3%, better than the 4.5% originally forecast.
Lekjaa emphasized that the 2023 budget was the first under the current government to fully reflect its political agenda, rooted in royal guidance, the New Development Model, and its coalition program.
Despite a turbulent global context and the aftermath of the Al Haouz earthquake, Morocco’s GDP grew 3.7%, buoyed by strong non-agricultural activity.
Opposition lawmakers, however, criticized the government’s economic management, saying it failed to curb inflation or meet its 4% growth target.
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