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Wednesday 22 September 2021
HomeAfricaMoroccan legislature passes 2008 finance act

Moroccan legislature passes 2008 finance act

The Moroccan House of Representatives Saturday night enacted the 2008 finance act, which essentially provides for structural reforms in the strategic sectors of education, health and employment.

Under the act, the The public budget will be balanced through the extension of the tax base, while a growth rate of 6.8 per cent is planned.

Over 50 per cent of the budget is devoted to the social sectors, poverty reduction and preservation of people’s purchasing power.

The act was based on the creation of conditions for a steady and sustainable growth rate, continuation of the structural and sectoral reforms and the development of social sectors to ensure prosperity for the various social groups.

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