The 2021 Appropriation Bill, the starting point for the implementation of the major reform and development projects contained in the Royal Speech on the occasion of the Throne Day, makes the implementation of the national economy recovery plan a top priority, according to a circular from the Head of Government relating to the development of this project.
The crisis linked to the new coronavirus pandemic has affected several sectors of the economy, some of which are still suffering from the impact of this crisis, given the continued spread of the pandemic and the lack of visibility on its end, underlined this circular addressed on Wednesday to the various ministerial departments.
As part of the proactive action taken by Morocco since the start of the crisis, the government has taken, in cooperation with its economic and social partners, all the necessary measures to support the gradual resumption of the various economic activities shutdown, partially or completely during the quarantine period, while guaranteeing special support for sectors still in difficulty, in addition to the implementation of adequate mechanisms that will be able to place the national economy on the path to strong and sustainable growth during the post-crisis phase.
In this context, an ambitious plan for the recovery of the economy will be launched and implemented, allowing the productive sectors to recover and strengthen their capacity to create jobs and maintain sources of income, while taking the necessary precautionary measures according to the evolution of the epidemiological situation, noted the same source.
To this end, the government will ensure that all means are used in terms of investments, incentives and solidarity measures, in order to consolidate the exceptional financial effort, announced by the Sovereign during the speech of the Throne Day and which consists of injecting no less than 120 billion dirhams into the national economy, in order to support businesses, particularly small and medium-sized ones.
Among the main objectives of support for companies, the circular mentioned the maintenance of jobs and the regularization of the status of employees with the National Social Security Fund (CNSS). The conditions necessary for the achievement of these objectives will be provided, by mobilizing the necessary efforts, in cooperation with all the actors concerned.
To this end, all the mechanisms capable of guaranteeing the effectiveness of the interventions of the strategic investment fund, which the government will endeavor to activate as quickly as possible, will be implemented rapidly. In this context, partnership mechanisms will be used between the public and private sectors to finance major investment projects in productive and strategic sectors.
According to an approach aimed at giving priority to job creation and support for national enterprises and local products, the government will continue to support public investment in order to support the various sectoral strategies and the reforms under way, while evaluating the performance of long-term strategies, in order to consolidate the achievements to launch a new generation of major sectoral plans based on complementarity and synergy.
The government will also ensure the implementation of the necessary mechanisms to encourage private investment at the national and international levels, through the continuation of the implementation of institutional reforms aimed at improving the business climate, the implementation of the new investment charter and the implementation of the reform of the regional investment centers.
Likewise, the government will pay particular attention to speeding up the implementation of the law on the transformation of the central guarantee fund “CCG”, into a limited company, under the name of the “National Guarantee and Financing Enterprise Company”(SNGFE).
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