Morocco's Chamber of Representatives has adopted the 2027 Finance Bill (PLF) with a majority vote. The bill received 179 votes in favor and 126 votes against, with no abstentions. This outcome is the same as the vote on the second part of the PLF earlier in the day. The bill will now be transmitted to the Chamber of Counselors for examination and voting.
The PLF 2027 focuses on five priorities, including restoring purchasing power and consolidating the foundations of a sustainable social state. The government has allocated MAD 44.2 billion for the implementation of the Royal project for social protection in 2027. The bill also aims to improve public health, education, and higher education systems, as well as increase access to decent housing.
A total of 291 amendments were presented to the parliamentary commission, with 59 receiving government approval. These amendments covered various aspects, including income tax revision, customs duties on imported goods, and measures to support purchasing power and agricultural product marketing. The amendments were presented by various parliamentary groups, including the government, the majority, and opposition groups.
The PLF 2027 aims to promote youth insertion into education, training, and decent employment. This will be achieved through measures to combat school dropout rates and provide young people with adapted insertion solutions. The bill also focuses on accelerating the implementation of advanced regionalization and integrated territorial development programs.
The bill prioritizes strengthening strategic sovereignty in areas such as water, energy, food, and digital sectors. In the water sector, the bill aims to increase the storage capacity of national dams to over 24 billion cubic meters by the end of 2027. It also plans to accelerate the construction of seawater desalination stations and develop the reuse of treated wastewater.
The PLF 2027 also aims to build a strong economy capable of financing social and sovereign ambitions. This will be achieved through investments in road, rail, and port infrastructure, as well as the consolidation of the national industrial dynamic and economic sovereignty. The bill will now be examined and voted on by the Chamber of Counselors before being returned to the Chamber of Representatives for a second reading.
The adoption of the PLF 2027 marks a significant step in Morocco's budget planning process. The bill's implementation will depend on the outcome of its examination by the Chamber of Counselors and its subsequent approval. Once approved, the PLF 2027 will come into effect, shaping Morocco's economic and social policies for the coming year.
Key points
- The PLF 2027 focuses on five priorities, including restoring purchasing power and consolidating social state foundations.
