Minister of Economy and Finance gives a presentation on the 2022 Finance Bill before the Finance and Economic Development Committee at the House of Representatives

The Finance and Economic Development Committee held on Monday, October 25, 2021, a meeting chaired by Mr. Mohamed Chouki, the Committee’s Chairperson. In this meeting, Minister of Economy and Finance Nadia Fettah Alaoui gave a presentation on the 2022 Finance Bill in the presence of the Minister Delegate in charge of Budget, Mr. Faouzi Lekjaa.

In her presentation before the Committee’s members, the Minister shed light on the general context under which the Finance Bill was prepared. In this respect, she pointed out that “the country registers an economic recovery reflected by a growth rate projected at 5.6% this year, thanks to the measures taken by Morocco following the instructions of His Majesty the King.”

With regard to prospects, the Minister noted, “The 2022 Finance Bill aims at achieving a GDP growth rate of 3.2%, an inflation rate of 1.2% and a grain crop of 80 million quintals; in addition to a prospect of keeping the dollar exchange rate within MAD9.26.”

The Minister added that the framework of drafting the Finance Bill took into account “the contents of the Royal speeches, the conclusions of the New Development Model and the Government program.” She added, “Its main goals are to foster the foundations of the national economy recovery, promote the integration mechanisms, achieve progress in generalizing social protection, strengthen the human capital, implement the public sector reform and consolidate governance mechanisms.”

At the end of the meeting, the Committee members decided on the legal deadline to discuss the Finance Bill and set the start of the general discussion to be on Wednesday, October 27, 2021.