Guidance note of the PLF 2023: The first indiscretions

The head of government has just signed the guidance note for the drafting of the finance bill for 2023 (PLF 2023). The 14-page document was distributed to ministers and high commissioners. On the basis of the reference framework, consisting of the real guidelines, the New Development Model and the government program, the note set 4 priorities for the PLF 2023. Among these, the strengthening of the foundations of the welfare state, the relaunch of the economy through investment support and the consecration of spatial equity. The last priority concerns the restoration of financial margins to ensure the sustainability of the reforms.

The need to ensure the full participation of Moroccan women in all sectors, in accordance with the latest Speech from the Throne, in particular by promoting the condition of women by offering them all the possibilities for development and ensuring their return to him. Ditto for the operationalization of constitutional institutions interested in the rights of the family and of women, the updating of mechanisms and national legislation dedicated to the promotion of their rights. At the same time, the Government is called upon to remedy the shortcomings and negative aspects that hinder the application of the Family Code, through a revision and revision of some of its provisions.

The ongoing implementation of the “Awrach” program, which aims to create 250,000 jobs in the years 2022 and 2023, is also on the agenda. In addition, the relaunch of the Intelaka and Forsa programs, in support of entrepreneurial initiatives, particularly in agriculture. Above all, it is a question of enabling the largest number of young graduates and project promoters to obtain bank loans. It is also a real support during all phases of the project until its completion. On the menu, the granting of honorary loans without prerequisites.

Furthermore, thanks to the efforts made, Morocco was able to restore the financial balance, reducing the budget deficit by 1.6 points between 2020 and 2021, to reach 5.5% in 2021. This trend will continue. in 2022, with the maintenance of the public effort investment, whose planned execution rate is 80%. Likewise, the Treasury debt fell by 3.3 points, thus limiting itself to 68.9% of GDP in 2021. This confirms that the public debt situation also remains under control, despite the additional government budget spending. . The government has in fact decided to inject 30 billion DH during this year, of which 16 billion for the compensation of sugar, gas and butane.

In the same vein, the administration will be on a diet. For staff expenditure, it will be necessary to limit the necessary needs in terms of new creation of budget posts, while exploiting the potential associated with relocation to cover the deficit recorded at a territorial and sectoral level. Management fees are not excluded. It will be necessary to reduce electricity bills by promoting the use of renewable energies, rationalizing the use of water. You need to save on telecom costs and studies. Travel allowances, organization of ceremonies, conferences and seminars should be kept to a minimum.

In terms of investments, the idea is to give priority to ongoing projects, in particular those that have been the subject of national and international agreements signed before the King. Ditto for those concluded with international institutions or donor countries. In addition, it should be noted that the purchase of vehicles, as well as the construction and equipment of administrative buildings should be reduced as much as possible. As part of compliance with the provisions on expropriation for public utility, no investment must be planned in the course of 2023 without having previously regulated the legal situation of the land that concerns it.

Details will be published in our print edition on Monday 8 August.

Mohamed Chaoui

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