Guidelines for preparing the Draft Budget Law for 2023
The deadline for ministers to submit their proposals regarding the budgets allocated to them is August 31. The ministers must submit the proposals to the budget department of the ministry of Economy and Finance. Indeed, the members of the cabinet received before the weekend of Saturday 6th the guidance note for the preparation of the Draft Budget Law (DBL) for 2023. The guidance note is accompanied by the draft budget for each ministry, with a schedule of meetings with the ministry of Finance to make the necessary tradeoffs. In addition, these ministries are required to provide the data and documents needed to prepare the reports that accompany the DBL. In the meantime, this is the first time that the Head of Government has signed a guidance note for the Draft Budget Law. Said guidance note has set 4 priorities for the DBL 2023, inspired by the royal orientations, the New Model of Development, and the government program.
These priorities include the strengthening of the foundations of the welfare state, the revival of the economy through the support of investment, and the consecration of spatial equity. The last priority involves the restoration of financial margins to ensure the sustainability of the reforms.
With regard to the revival of the economy, Morocco has capacities and characteristics that allow it to take advantage of opportunities to strengthen its position on the continental and international level. After the steps taken in improving the business climate, the country has unique and modern basic logistical infrastructure, in addition to being at the forefront in the production of renewable energies at the continental level. This is why the government will maintain support for the public investment effort alongside the incentives for private investment.
For the Government, investment is an essential lever for emerging from the crisis, consolidating the pillars of the welfare state, and establishing a fairer and more prosperous national economy. The operationalization of the Mohammed VI Fund for Investment will also increase the attractiveness of the Kingdom and make it a regional and international hub to attract foreign investment. This guidance note has reiterated the investment rule which consists in giving priority to projects already in progress, particularly those which have been the subject of national and international agreements signed before the King. Ditto for the projects signed with international institutions or donor countries. In any case, it is a matter of continuing the public investment effort, particularly in terms of infrastructure and sectoral strategies, including Green Generation, industrial transformation, tourism, crafts, and the social economy. At the same time, it is necessary to promote national products, through local production and the encouragement of the competitiveness of the Made in Morocco label.
Another major priority is scheduled in the guidance note, namely the need to ensure the full participation of Moroccan women in all areas, in accordance with the last Speech from the Throne, and this, in particular through the promotion of the condition of women by offering them all the possibilities of fulfillment and by granting them the place which they deserve.
Mohamed CHAOUI
