Baitas: Government has succeeded in curbing inflation, aiding economic recovery

Baitas: Government has succeeded in curbing inflation, aiding economic recovery
Thursday 13 July 2023 - 16:00

Official Government Spokesperson Mustapha Baitas affirmed today that the government has respected and reached its goals of aiding the national economy to recover.

In a press briefing subsequent to the weekly government council held today, Baitas stated that “the measures taken by the government at the economic level enabled the national economy to recover and improve its performance, as evidenced by national and international reports.”

The official said that the government achieved all the goals stipulated in the Finance Law 2023 within only the first six months of the current year.

Baitas pointed out that “there are very positive results at the level of sectors that stimulate growth, which includes industry, tourism, transport, and despite the drought, there is good performance at the level of agriculture.”

“The government has been able to significantly control the inflation rate, which is trending down month after month. There is a significant increase in foreign investments and a significant increase in remittances from Moroccans around the world,” said Baitas.

And the government official stressed that “all the expectations that the Minister of Economy and Finance came with in her presentation to the government council are that she achieves all the goals set out in the legal texts in the 2023 finances.”

“The measures taken by the government to fight inflation or within the framework of supporting a group of sectors, such as supporting the tourism sector, which witnessed a huge boom during the first six months, confirms that these moves were important and had a direct impact on the rapid recovery of the national economy,” highlighted the official.

Baitas confirmed that the government council discussed a presentation by the Minister of Economy and Finance centered on preparing the 2024 finance bill,” confirmed Baitas.

The bill will be “centered around the axis of implementing the budget in the first 6 months and a second axis on financial expectations for the year 2024, and the third axis is related programming budgets for a period of 3 years.”

In his answer to a question about the government’s expectations in the 2024 draft finance law, the government official recorded that there are very positive results at the level of sectors that stimulate growth such as industry, tourism and transportation, in addition to good performance in general for agriculture, especially some recent rainfalls.

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