Government Measures Improve National Economy, Affirms Government Spokesperson
Alalam24, The Minister Delegate to the Prime Minister in charge of Parliamentary Relations and Government Spokesperson, Mustafa Baitas, affirmed today, Thursday, that the government measures taken at the economic level have contributed to improving the performance of the national economy
Mr. Baitas stated, in response to journalists’ questions during a press conference following a Cabinet meeting, that “the measures taken by the government at the economic level, not only according to its testimony but also according to various reports, especially those recently issued nationally or internationally, have improved the performance of the national economy, which has shown some signs of recovery”
The minister highlighted that these measures, whether related to combating inflation or supporting various sectors such as the tourism sector, which experienced significant growth in the first six months, have proven to be “important choices that directly influenced the rapid recovery of the national economy”
Regarding the presentation made by the Minister of Economy and Finance, Nadia Fattah, before the Cabinet today, the official indicated that it focused on three main axes related to budget implementation during the first six months of the current year, expectations for 2024, and budget programming for the next three years, as stipulated in the Finance Law
He noted that there have been “very positive results in the growth-stimulating sectors (industry, tourism, and transportation), and there is generally good performance in the agricultural sector, especially after the rainfall experienced during the season. There has also been significant control over the inflation rate, which is gradually decreasing month by month, as well as a significant increase in foreign investments, in addition to a significant rise in remittances from Moroccans living abroad”
The minister considered that “all the expectations presented by the Minister of Economy and Finance in her presentation confirm that we are achieving the objectives stipulated in the Finance Law for 2023,” explaining that “all the goals set by the government in the Finance Law have been achieved, in addition to a number of revenues that have shown improvement.” This comes in an international context marked by uncertainty and continued inflationary pressures on a group of economies with which Morocco is closely linked, especially the European Union
Mr. Baitas emphasized that the government’s work in implementing the recommendations of the national tax dialogue and incorporating them into the Finance Law for 2023 has confirmed the soundness of these directions, which has allowed a number of revenues to be at the level determined in the Finance Law for this year
Furthermore, in a related context, he highlighted some indicators such as Morocco’s removal from the gray list of the Financial Action Task Force (FATF), which was “very positive and reflected in the increase in foreign direct investment revenues.” He also mentioned the exceptional performance of the international market in March 2023, as well as the credit line obtained by Morocco from the International Monetary Fund, which has instilled significant confidence in investors in the national economy
