2023-10-18 11:20:50
The government will soon unveil the broad outlines and orientations of the finance bill for the 2024 financial year, which he will submit to the ARP for a vote. Without a doubt, the executive grants this project the appropriate strategic dimension to stimulate the country’s economy, taking into account the fluctuations that the world is facing. An essential part of the project, preserving the purchasing power of citizens is an imperative in the face of the rise in prices observed on international markets, a consequence of growing instability in the world.
The development of the 2024 PLF takes place in an international context marked by the succession of crises and the rise in geopolitical tensions which have impacted economic growth and purchasing power throughout the world, following the increase in inflationary pressures which are have worsened over the last three years, particularly in 2022 with a rate of 8.2% globally, 8.4% in the Euro zone and 8% in the United States.
The Executive has been working since last March on the implementation of the next draft budget which should guide government action in an economic context weakened by economic crises. If the previous year was marked by major budgetary constraints, it would be the same for the next financial year, knowing that the world is experiencing major transformations having undermined public finances and having induced galloping, lasting and unsustainable inflation.
Reduce inflation, promote investment and preserve the purchasing power of citizens while continuing the work of structural reforms: an equation which complicates the task of the Executive in the face of an international situation, to say the least, unpredictable.
The final version of the project was transferred by the ARP to the Finance and Budget Committee, following examining it. Note that this project was adopted on October 12, 2023 by the Council of Ministers.
The main axes
The 2024 text concerns the social role of the State. It is also focused on supplying the market with basic products. It aims to fulfill other objectives, namely:
-Support for agriculture, fishing and the water resources sector
-Supporting the financial inclusion of SMEs
-Encouraging savings
-The promotion of investment
-The establishment of alternative mechanisms aimed at financing subsidies
-Support for the green economy and sustainable development
-The fight once morest tax evasion and the integration of the parallel economy
-Supporting tax compliance and establishing new guarantees for the taxpayer
Focusing on restoring public finances is the focal point of each budget forecast, but more particularly for the coming year, following a year of inflation and consequently a year of decline in purchasing power. It is also a matter of facing the challenges of the economic situation and reducing their direct effects on the national economy and the standard of living of citizens, of continuing the implementation of the reforms necessary to improve living conditions. citizens, achieve high growth rates and create more jobs, while recovering the financial margins capable of guaranteeing the financing of these reforms.
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