Nadia Fattah Alaoui, Minister of Economy and Finance, presents the outlines of the new finance law for the year 2022 to King Mohammed VI.

The Minister stressed that this project was prepared in a context that was printed with the emergence of signs of national economy recovery, drawing lessons from the management of the epidemic crisis, and the beginning of downloading the development model, as a national responsibility that requires the participation of all the country’s energies and living forces, according to a statement released by the Royal Palace spokesperson.

The administration hoped that the proposed finance law would serve as a springboard for putting the royal orders and government program into action.

The general directions of the Finance Bill for the year 2022 are based on the following axes:

• First, reinforcing the foundations for the national economy’s recovery: this is done by continuing to implement the economic recovery plan, activating the Mohammed VI Investment Fund, issuing the investment charter, improving the business climate, and activating the framework law related to tax reform with the goal of giving new dynamism to the various productive sectors, increasing their ability to maintain jobs and create new job opportunities;

The government will take immediate steps to stay up with youth in the job market, encourage young project holders to pursue agricultural projects, and revitalize the “Intilaqa” program by creating a new project named “The Opportunity” to finance youth projects without preconditions.

• Second, improving integrating mechanisms and broadening social protection is a key course under His Majesty the King’s guidance. In addition to the generality of mandatory health coverage for non-paid workers, the second phase of this massive workshop will begin in 2022, with the goal of widening the base of beneficiaries to include vulnerable and impoverished groups now covered by the “RAMED” system.

Simultaneously, measures will be taken to gradually generalize family allowances through the implementation of a unified social registry, with a special focus on the inclusion of people with disabilities, as well as making gender equality one of the government’s top priorities in various economic and social fields.

Third, human capital rehabilitation entails taking the required steps to enable the public school to fulfill its dual mission of knowledge transfer and social advancement.

In this context, the government will work to speed up the universalization of primary education, improve children’s basic knowledge, and support the education of children from vulnerable groups, particularly in rural areas, as well as reform the teacher training system and rehabilitate training centers.

The government will start a deep reform of the health system in response to the royal instructions, in a way that responds to the health sector’s rehabilitation and maintains up with social protection generalization workshops.

Fourth, by downloading advanced regionalization workshops and taking the necessary steps to implement the law-the framework relating to the reform of public institutions and contracting, as well as the establishment of the National Agency for the Strategic Management of State Contributions, the public sector will be reformed and governance mechanisms will be strengthened.

By activating the public utilities charter, streamlining administrative procedures, generalizing digital management, and implementing the administrative decentralization charter, the government will also focus on management reform.

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House of representatives has witnessed a heated debate between the Majority and the Opposition over the new increase in Alcoholic beverages taxes part of the new project of finance law.

The Majority defends its stand claiming that it’s a way to generate extra financial resources for the state treasury while it’s an effective Alcohol control measure.

Meanwhile, the Opposition advances that the increase in taxes hasn’t proven to be effective as a control measure according to the experience of different countries where alcohol consumption hasn’t decreased whatsoever.

On his part, Omar Balafrej, has mocked the government’s proposal advanced by the Justice and Development party. Expressing his shock over the use of “Haram”,illicit, money generated from Alcohol sales by the Islamic party in order to bounce back the state budget.

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