Finance bill raises education budget by MAD 6.5 billion in 2023

Finance bill raises education budget by MAD 6.5 billion in 2023
Hespress
Thursday 20 October 2022 - 14:08

The Moroccan government council approved on Wedensday a MAD 6.5 billion increase to the state budget for the 2023 year.

An informed source revealed to Hespress AR that the Finance Bill for 2023 allocated more than MAD 68 billion to the national education sector.

The project also allocated 20,000 new financial positions to the sector, as it is expected to employ 18,000 new teachers and 2,000 administrative and educational support staff.

Data obtained by Hespress indicate that the government has decided to rely mainly on bachelor degree in educational science graduates to recruit for teaching positions.

According to Hespress’s source, the government decided to allocate a scholarship for graduate students in educational sciences, amounting to MAD 1,000 per month; It allocated MAD 260 million for this purpose in the new finance bill.

Through this project, the government seeks to implement the various components of the royal workshops for the generalization of social protection, especially the completion of the generalization of compulsory health coverage for all social groups, and the gradual generalization of family compensation.

In parallel, the rehabilitation of the national health system will continue through increasing the funds allocated to the health and social protection sector, which Hespress sources say will amount to a 19% increase compared to last year’s sectoral budget.

The government is also committed to activating the roadmap for reforming the education and training system, encouraging the full participation of women in all economic fields, safeguarding their rights, and working to integrate people with disabilities.

The Finance Bill for the year 2023 includes the approval of direct support by the state for the benefit of the target groups for the acquisition of housing.

The project is based on assumptions setting the growth rate at 4%, the inflation rate at 2%, and the budget deficit at 4.5% of the gross domestic product.

It is expected that the Minister of Economy and Finance, Nadia Fattah Alaoui will present the draft finance law in a joint session before the two houses of Parliament this Thursday afternoon.

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