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Wednesday 16 August 2017

2018 Appropriation Draft Bill Banks on 3.2% Economic Growth : Head of Government

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2018 Appropriation Draft Bill Banks on 3.2% Economic Growth : Head of Government

The 2018 Appropriation Draft Bill is banking on a growth rate of the gross domestic product (GDP) of 3.2% against 2.9% in 2017, Head of Government, Saad Eddine El Othmani, said in a guideline note.

The forecast confirm the acceleration of the pace of structural reforms and the implementation of different sectoral strategies that have led to a deep change in the national economic structure, focusing, in particular, on new professions, he pointed out.

The 2018 Appropriation draft bill also seeks to control the budget deficit at 3 pc, he added.

"If Morocco has succeeded in reducing its budget deficit from 7.2% in 2012 to 4.1% in 2016, it is necessary to continue on this momentum in order to reduce the debt ratio to less than 60 pc by 2021," he said.

MAP 16 August 2017