Economy minister presents broad lines of 2015 appropriation draft bill to

Rabat – Morocco’s Minister of Economy Mohammed Boussaid presented, on Monday before the two houses of parliament, the broad lines of the 2015 appropriation draft bill.The draft bill forecast for achieving in 2015 a GDP growth rate of 4.4% on the basis of a 4.3% budget deficit of GDP and a 9% rise of investment expenses to reach 54 billion dirhams.The draft bill, elaborated pursuant to Royal Instructions and government program, seeks to preserve macro-economic balances, create conditions favorable for economic takeoff by setting a balance between investment dynamic and growth, and meeting the requirements of employment, social inclusion and reduction of inequalities. The 2015 appropriation draft bill, which provides for the creation of 22,510 budget items, comes at an unstable global juncture mainly the Euro zone which is Morocco’s top economic partner. read more