Discussions for the 2025 Finance bill are set to begin tomorrow, with each ministry expected to finalize its budgets including those pertaining to state-run facilities, special treasury accounts, and public institutions, sources within the Ministry of Economy and Finance told Hespress.
These discussions follow the expiration of deadlines set by the Head of Government’s office for various ministerial and governmental sectors, as well as relevant public institutions, which concluded at the end of August.
This was detailed in a guidance letter concerning the 2025 Finance Bill project, disseminated to ministers, deputy ministers, high commissioners, and the general delegate, instructing them to submit their proposals by August 31st, as specified in the official document.
A source from the Ministry of Economy and Finance, who spoke with Hespress, indicated that the Budget Directorate is poised to “initiate consultations and discussions starting tomorrow, September 5th, with various relevant government sectors, to determine the final allocation of financial envelopes for each sector and institution.”
An accompanying document to the Prime Minister’s guidance memo outlined the “maximum financial envelopes allocated to each sector or institution, encompassing equipment expenditures, various operational costs, and investment expenses.”
The source affirmed that the “Budget Directorate holds the responsibility during these discussions and meetings to finalize and reconcile each sector’s budgetary requests and proposals with the available state resources,” highlighting that “these detailed budgetary discussions are a routine procedure following the guidance document.”
The source noted that the Directorate will begin the process of framing and managing discussions related to budget programming for each sector or public institution, considering the four government-established priorities and the urgency of expediting projects in certain critical sectors.
For instance, “investment projects in the infrastructure and water sectors” were notably emphasized in the recent Throne Speech delivered at the end of July 2024.
Moreover, the source mentioned that “various ministerial sectors and institutions addressed in the Prime Minister’s memo have, throughout August, provided the Ministry of Economy and Finance with the requisite documents and data to facilitate the preparation of reports and memos for the 2025 Finance Bill.”
In his memo dated August 6, 2024, Aziz Akhannouch delineated “four principal directions to guide the forthcoming year’s budget project,” explicitly urging various ministerial sectors and high commissioners to “adhere strictly to the guidelines and deadlines to ensure the preparation of the 2025 Finance Bill and its submission to Parliament within the constitutionally and legally mandated timeframe” (by October 20 each year).
add your comment
Terms of publication : Not to offend the writer, people, sacred things, or attack religions or the divine self, and refrain from racist incitement and insults.