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Weekly highlights

Guidelines for preparing the Draft Budget Law for 2023

T HE deadline for ministers to veness of the Kingdom and make it
a regional and international hub to
submit their proposals regar-
attract foreign investment. This gui-
ding the budgets allocated to
them is August 31. The mi-
ment rule which consists in giving
nisters must submit the proposals to dance note has reiterated the invest-
the budget department of the ministry priority to projects already in progress,
of Economy and Finance. Indeed, particularly those which have been the
the members of the cabinet received subject of national and international
before the weekend of Saturday 6th agreements signed before the King.
the guidance note for the preparation Ditto for the projects signed with
of the Draft Budget Law (DBL) for international institutions or donor
2023. The guidance note is accom- countries. In any case, it is a matter
panied by the draft budget for each of continuing the public investment
ministry, with a schedule of meetings effort, particularly in terms of infras-
with the ministry of Finance to make tructure and sectoral strategies, inclu-
the necessary tradeoffs. In addition, ding Green Generation, industrial
these ministries are required to pro- transformation, tourism, crafts, and
vide the data and documents needed to the social economy. At the same time,
prepare the reports that accompany the it is necessary to promote national pro-
DBL. In the meantime, this is the first The Government will have to maintain support for the public investment effort alongside ducts, through local production and
time that the Head of Government has incentives for private investment (Photo by L’Economiste) the encouragement of the competiti-
signed a guidance note for the Draft veness of the Made in Morocco label.
Budget Law. Said guidance note has sustainability of the reforms. tal level. This is why the government Another major priority is sche-
set 4 priorities for the DBL 2023, ins- With regard to the revival of the will maintain support for the public duled in the guidance note, namely the
pired by the royal orientations, the economy, Morocco has capacities and investment effort alongside the incen- need to ensure the full participation of
New Model of Development, and the characteristics that allow it to take ad- tives for private investment. Moroccan women in all areas, in ac-
government program. vantage of opportunities to strengthen For the Government, investment is cordance with the last Speech from the
These priorities include the streng- its position on the continental and in- an essential lever for emerging from Throne, and this, in particular through
thening of the foundations of the ternational level. After the steps taken the crisis, consolidating the pillars of the promotion of the condition of
welfare state, the revival of the econo- in improving the business climate, the the welfare state, and establishing a women by offering them all the possi-
my through the support of investment, country has unique and modern basic fairer and more prosperous national bilities of fulfillment and by granting
and the consecration of spatial equity. logistical infrastructure, in addition to economy. The operationalization of them the place which they deserve. o
The last priority involves the restora- being at the forefront in the production the Mohammed VI Fund for Invest- Mohamed CHAOUI
tion of financial margins to ensure the of renewable energies at the continen- ment will also increase the attracti-

Low-income housing

A new approach in preparation In the guidance

note for the prepa-
ration of the Draft
Budget Bill 2023,
be carried out according to a metho-
INCE the end of the social
S housing program in 2020, real dology based on dialogue and consul- attaches particular
the Government
importance to access
estate developers, who used
tation with the various stakeholders,
to sign agreements with the
It therefore decided
Governments, no longer had visibi- according to this guidance note. to decent housing.
In any case, the 2022 tax expendi-
lity. Today, the situation has changed ture report says a lot about the extent to opt for a new
approach to granting
with the Head of Government who of the exemptions granted to compa- grants
unveiled a tiny part of the new strategy nies in the real estate sector. Indeed, (Photo by L’Economiste)
that the minister of Housing intends to the total tax expenditure in 2021 is
deploy, through a guidance note for the estimated at 29.501 billion MAD ver-
preparation of the Draft Budget Law sus 27.827 billion MAD in 2020. Real of a national and regional dialogue last governments. Participants will come
(DBL) for 2023 that he signed at the estate activities channeled 6.546 bil- July, but, obviously, the line minister out with recommendations that are the
end of last week. Indeed, the Govern- lion MAD. Thus, the real estate sector, has not obtained the necessary valida- substance of this new vision based on
ment attaches particular importance to which comes first, represents 22.2% of tions in the meantime. Officially, her direct assistance to buyers. The cen-
access to decent housing. It therefore the total amount of these exemptions. department is in the process of putting tral idea is to develop a program able
decided to opt for a new approach to Meanwhile, the ministry of Hou- the finishing touches to these foun- to meet the needs of the population.
granting subsidies. Thus, the Govern- sing and Urban Planning does not dations, which will be marked by Thus, this program will be intended
ment wishes to replace the granting want to reveal the content of this consultations with all stakeholders in for all segments of the population,
of tax exemptions - the economic and new strategy. Fatima Zahra Man- the urban planning and housing eco- with mainly the middle class and
social impact of which is difficult to souri contented herself with making system, the ministries, the state owned vulnerable people, among other social
assess - with direct support to families announcements to parliamentarians enterprises and agencies, the business categories.o
for the purchase of housing. This will during oral questions on the holding operators, the banking sector, and local Mohamed CHAOUI

Friday 12 August 2022