The major priorities identified by the 2025 Finance Bill.

Agadir24

Regarding the major priorities identified by the 2025 Finance Bill, the guidance note on the preparation of the project, addressed by the Prime Minister to the ministerial sectors, stated that this project is based, in implementation of the royal high directives, on four priorities that reflect the orientations of the government program.

The memorandum highlighted that it is a matter of continuing to strengthen the pillars of the social state, consolidating the investment dynamic and creating job opportunities, continuing to implement structural reforms, and maintaining the sustainability of public finances.

The same source added that the government is looking forward, in the second half of the mandate, to deepening the fundamental reforms led by His Majesty King Mohammed VI, and continuing to accelerate the implementation of the options included in the government program, whether at the level of improving the governance of the adopted approaches and the mechanisms of work and coordination, or by strengthening openness to issues of major relevance and consolidating their field effects.

He added that the government renews its conviction in the priority that should be given to the workshops for the advancement of human capital and ensuring its social integration, as it is the supreme goal of all public policies in the Kingdom and the standard by which all government interventions should be measured.

The memorandum indicated that “providing dignity and a decent living for Moroccan families will not be possible without establishing a structured economic policy based on stimulating investment and employment and supporting promising sectors, with the aim of mobilizing the necessary funding to ensure the sustainability of the pillars of the social state.”

The government, according to the same source, will remain faithful to the commitments of its program related to territorial areas, as it will begin to establish a new stage of convergence and territorial integration, according to an innovative package of contracting and economic activation mechanisms with the regions, and to accelerate the implementation of its development programs and regional designs for preparing the territory.

Preserving water, food and energy sovereignty, and protecting purchasing power, which His Majesty the King calls for, will constitute the main titles of government efforts in the coming years, according to an integrated and cohesive sectoral leadership that seeks to empower and provide real justice to Moroccan families.

On the other hand, the government will ensure, during 2025 and the following years, to continue controlling the path of public finances and controlling the path of the budget deficit in the medium term, at 4 percent of the gross domestic product in 2024, 3.5 percent in 2025, and 3 percent in 2026, and controlling the size of the debt to less than 70 percent of the gross domestic product by 2026.

This approach, according to the memorandum, will enable the recovery of the financial margins necessary to continue various development projects, while maintaining the dynamics of public investment as a basic lever for strengthening the pillars of the social state.

Thus, and in implementation of the priorities that have been identified, it is expected to achieve a growth rate of approximately 4.6 percent in 2025 compared to 3.3 percent in 2024.