Job creation is a priority in the Moroccan budget
24 October 2013
Read by 1454 persons
Despite a difficult global economic situation, the 2014 finance bill plans to fight youth unemployment. Parliamentary debates begin on Wednesday, October 23.
"The overall spirit of the 2014 budget bill aims to promote employment and consolidate social cohesion, while pursuing major structural reforms," said the Minister of Economy and Finance, Mohamed Boussaid, on October 16.
He indicated that for next year, the government is forecasting a 4.2 percent growth rate in GDP and a slight reduction in the budget deficit, to 4.9 percent.
The 2014 budget bill also provided for some 18,000 new jobs in the public administration, representing a budget of 9.16 billion euros, an increase of almost 440 million euros compared to 2013.
"Despite the increase in the wage bill of six billion dirhams (530 million euros), this measure is strategic for social cohesion, even if the World Bank keeps warning Morocco about the importance of reducing the weight of the public service wage bill," said economist El Houssine Bendriss to Magharebia.
For Ali Boulal, a financial analyst, a first reading of this text allows us to deduce that these objectives are certainly ambitious, "but achieving them remains a major challenge, given the difficulties of the economic context which continues to affect Morocco's main economic partners," he explains.
Morad Louizi, of the Youth of the Socialist Union of Popular Forces (USFP), highlights the fundamental problem of the Benkirane government: "It makes many promises to young people looking for jobs, but the results on the ground remain unproven and disappointing in most cases."
The 2014 finance bill does, however, provide for the broadening of the tax base, the integration of agriculture into the tax system through the taxation of the income of large farms and the exemption of small and medium-sized farms.
On the social level, the Minister of Communication, Mostafa El Khalfi, affirms that the government continues to pay particular attention to social cohesion.
"The 2014 finance bill proposes a series of measures aimed at facilitating access to health services, developing housing guarantee mechanisms and enabling the generalization of health coverage, supporting schooling and the quality of education."
Unlike previous years of the Benkirane government's legislative mandate, the 2014 finance bill was submitted on time.
For Hamid Molih, a young computer technician currently doing an internship in a media company in Casablanca, the measures announced by the government in the bill are important for job creation for young people.
"The government's willingness to create jobs is clear, but it is insufficient. These measures must be implemented, and more investment is needed in sectors capable of generating jobs such as new information technologies, subcontracting, aeronautics and the automotive industry," he explains.
Abdelouheb Moukit, a recent graduate of a hotel school in Marrakech, would like to see the government develop tourism to attract more visitors: "I hope that the budget allocated to tourism for 2014 will help to revitalize this sector, which is one of the most promising in terms of job creation for young people in Morocco."
http://magharebia.com/fr
Published on October 23, 2013.
Posted online on October 24, 2013.
"The overall spirit of the 2014 budget bill aims to promote employment and consolidate social cohesion, while pursuing major structural reforms," said the Minister of Economy and Finance, Mohamed Boussaid, on October 16.
He indicated that for next year, the government is forecasting a 4.2 percent growth rate in GDP and a slight reduction in the budget deficit, to 4.9 percent.
The 2014 budget bill also provided for some 18,000 new jobs in the public administration, representing a budget of 9.16 billion euros, an increase of almost 440 million euros compared to 2013.
"Despite the increase in the wage bill of six billion dirhams (530 million euros), this measure is strategic for social cohesion, even if the World Bank keeps warning Morocco about the importance of reducing the weight of the public service wage bill," said economist El Houssine Bendriss to Magharebia.
For Ali Boulal, a financial analyst, a first reading of this text allows us to deduce that these objectives are certainly ambitious, "but achieving them remains a major challenge, given the difficulties of the economic context which continues to affect Morocco's main economic partners," he explains.
Morad Louizi, of the Youth of the Socialist Union of Popular Forces (USFP), highlights the fundamental problem of the Benkirane government: "It makes many promises to young people looking for jobs, but the results on the ground remain unproven and disappointing in most cases."
The 2014 finance bill does, however, provide for the broadening of the tax base, the integration of agriculture into the tax system through the taxation of the income of large farms and the exemption of small and medium-sized farms.
On the social level, the Minister of Communication, Mostafa El Khalfi, affirms that the government continues to pay particular attention to social cohesion.
"The 2014 finance bill proposes a series of measures aimed at facilitating access to health services, developing housing guarantee mechanisms and enabling the generalization of health coverage, supporting schooling and the quality of education."
Unlike previous years of the Benkirane government's legislative mandate, the 2014 finance bill was submitted on time.
For Hamid Molih, a young computer technician currently doing an internship in a media company in Casablanca, the measures announced by the government in the bill are important for job creation for young people.
"The government's willingness to create jobs is clear, but it is insufficient. These measures must be implemented, and more investment is needed in sectors capable of generating jobs such as new information technologies, subcontracting, aeronautics and the automotive industry," he explains.
Abdelouheb Moukit, a recent graduate of a hotel school in Marrakech, would like to see the government develop tourism to attract more visitors: "I hope that the budget allocated to tourism for 2014 will help to revitalize this sector, which is one of the most promising in terms of job creation for young people in Morocco."
http://magharebia.com/fr
Published on October 23, 2013.
Posted online on October 24, 2013.
