National economy: Pursue reforms by improving the business climate, a bet guiding government action (Mr. Akhannouch) – Media7

Monday, June 10, 2024 at 8:51 p.m.

Rabat – Continuing to deepen structural reforms of the national economy, through the mobilization of the productive investment system and the improvement of the business climate, constitutes a challenge that continues to guide government action at different stages of the mandate current, said Monday in Rabat, the Head of Government, Aziz Akhannouch.

In response to a central question during the session devoted to monthly questions in the House of Representatives under the theme “Stimulating investment and employment dynamics”, Mr. Akhannouch indicated that these reforms make it possible to breathe new life into boost to promising companies and sectors with a direct impact on the national labor market, while diversifying the sources of financing for social policies.

And added that the Moroccan experience has achieved numerous achievements over the last two decades, supported by a series of major reforms in terms of the modernization of institutions and qualitative progress in many areas, having strengthened Morocco’s position. as a regional destination to attract foreign direct investment and as a hub of security and stability.

Morocco, under the enlightened leadership of His Majesty King Mohammed VI, displays a great desire to maintain this transformation journey, which has contributed to strengthening its resilience in the face of successive international fluctuations, thus reflecting the strengths and external reputation of which enjoys the Kingdom, he clarified, noting that this tangible progress “did not come from nowhere, but was achieved thanks to the improvement of several indicators linked in particular to the improvement in the level of development and institutional quality, while enshrining the principles of governance and accountability”.

The Head of Government stressed that the challenge of making Morocco a country of major reforms requires a clear definition of the priorities to be addressed and the establishment of a clear dashboard for public interventions, taking into account the government’s desire to achieve transitional transformations in the investment system and to monitor national and international issues in this area, to help offer effective solutions to temporary challenges, in particular the problem of employment in the Kingdom.

He also indicated that this national ambition has been translated into making the current government experience a platform for a new generation of innovative public policies and programs, noting that the government has ensured since the start of its mandate to reconcile the increase in financial expenditure and the strengthening of public performance, through the deepening of budgetary reform and the continued adoption of a global and integrated approach focused on results, to effectively respond to the challenges posed by allocating exceptional financial resources and by implementing voluntary and proactive choices.

To consolidate these choices, the government has intensified efforts to rationalize spending and multiply resources by directing them towards areas with the greatest economic and social impact, in particular by implementing the global and strategic reform of the Establishments and Businesses sector. (EEP), indicated Mr. Akhannouch.

In this context, he specified that the government is working to strengthen governance and the vital importance of the EEP sector in the Kingdom’s management system, by increasing the effectiveness of their interventions and addressing their structural dysfunctions.

Furthermore, he stressed that the improvement in the performance of the State’s shareholder policy, whose strategic orientations the government recently presented during the work of the Council of Ministers before His Majesty the King, highlights the structural priority what this project represents in government action since the start of this mandate.

The Head of Government maintained that this orientation aims to review the economic models of EEPs, by setting in motion the role of the National Agency for the Strategic Management of State Participations and monitoring of the performance of public establishments and enterprises (ANGSPE ), and by consolidating their positive contribution in terms of wealth creation, investment returns and production of quality public services, thus guaranteeing the higher interests of the Kingdom in the future, particularly those linked to questions of national sovereignty, through deepening continental and international integration and addressing climatic and territorial challenges, in a manner compatible with the sustainable development objectives.

This vision is reinforced by the implementation of the axes of the framework law on tax reform, considered as the main tool for achieving tax justice, and offering investors and businesses simplified, transparent and incentive tax conditions for activities. productive and entrepreneurial, like the reforms relating to the value added tax and the integration of the informal sector, he said.

Mr. Akhannouch also highlighted the government’s success in establishing the bases for achieving tax justice, by broadening the tax base without increasing the tax pressure on the national entrepreneurial fabric.

In this regard, he indicated that the tax burden on businesses has been reduced, by unifying the corporate tax rate to 20% by 2026 instead of 31%, while gradually increasing it to reach 35% for companies whose net profits exceed 100 million dirhams and 40% for credit and insurance establishments and similar entities.