Morocco’s 2025 Finance Bill to Boost Investment, Job Creation

Morocco’s 2025 Finance Bill to Boost Investment, Job Creation
Sunday 20 October 2024 - 12:02

The Draft Finance Bill 2025 aims to enhance investment and job creation, Economy and Finance Minister Nadia Fettah announced during a joint plenary session of Parliament on Saturday.

Fettah emphasized the government’s commitment to an ambitious development agenda reflecting the wise and far-sighted vision of HM King Mohammed VI over the past 25 years. She noted that this initiative is not only about learning from past experiences but also about formulating alternative solutions to achieve the country’s economic goals.

The 2025 Finance Bill will address the repercussions of recent crises on businesses and employment, while also advancing economic policies designed to stimulate growth, she said.

To this end, the government plans to adopt a new economic growth model that prioritizes productivity and equitable investment distribution, she noted, adding that this approach aims to bolster the private sector’s role and enhance the resilience of the national economy through a diversified and job-generating production base.

Fettah highlighted the operationalization of the Investment Charter and the implementation of a roadmap for improving the business environment as key components of this strategy. The government has set a public investment target of 340 billion dirhams within the framework of the 2025 Finance Bill.

Employment, she noted, remains a top priority for the government in the second half of its mandate. To support this goal, several measures will be implemented across three strategic axes, backed by a budget allocation of 14 billion dirhams in 2025.

In terms of water resource management, Fettah outlined the government’s commitment to accelerating the National Drinking Water Supply and Irrigation Program for 2020-2027. This includes the construction of 15 large dams, plans for three new dams, and the implementation of major water transfer projects between hydraulic basins.

The government will also focus on seawater desalination initiatives and efficient water demand management, with a budget of 18 billion dirhams allocated for these efforts in the 2025 Finance Bill.

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