Moroccan Minister of Economy and Finance, Fouzi Lekjaa, has defended the government's economic and social choices during a parliamentary discussion on the 2027 finance bill. Lekjaa criticized pre-emptive judgments from some political parties, accusing them of undermining the government's commitments. He emphasized that evaluating the government's performance requires a thorough understanding of the practical measures and policies in place.
Lekjaa highlighted that the government's contract with voters is based on a five-year plan, which is implemented through annual phases. He called for respecting the intelligence of citizens and avoiding populist rhetoric. The minister also emphasized the need for an integrated approach to economic and social policies, criticizing the separation of social and economic policies.
Lekjaa defended the government's choices, stating that the concept of a social state goes beyond providing direct support or healthcare. He emphasized that it includes fighting corruption, ensuring food and energy security, and creating an environment conducive to private initiative and productive investment. The minister also highlighted the importance of maintaining public finance stability to ensure the sustainability of major reforms.
Lekjaa provided details on the government's budget allocations, stating that 62 billion dirhams have been allocated to implement social priorities. These measures include a gradual reform of the income tax between 2027 and 2031, aiming to raise the tax-exempt threshold and reduce tax brackets. The minister also mentioned plans to improve pensions and support low-income families.
The minister emphasized that the government's economic and social choices are based on careful consideration of the country's macroeconomic indicators. He highlighted that the government's priorities include reducing poverty, promoting economic growth, and improving living standards. Lekjaa also stressed the importance of transparency and accountability in the management of public finances.
Lekjaa's statements were made in response to criticism from parliamentarians regarding the government's tax and investment policies. He provided data on tax revenues, which have increased by 11% compared to the same period last year. The minister also highlighted the government's efforts to promote investment and create jobs, including a 330 billion dirham investment budget.
The government's economic and social choices have been subject to intense debate in Morocco. Lekjaa's defense of these choices reflects the government's efforts to address criticism and promote transparency. The minister's emphasis on the importance of stability and sustainability in public finances highlights the challenges facing Morocco's economy.
Key points
- The Moroccan government has allocated 62 billion dirhams to implement social priorities, including a gradual reform of the income tax and improvements to pensions and support for low-income families.
- Minister Lekjaa emphasized the importance of maintaining public finance stability to ensure the sustainability of major reforms.
- The government's economic and social choices are based on a five-year plan, implemented through annual phases, with a focus on promoting economic growth, reducing poverty, and improving living standards.
