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Royal Activities
Wednesday 10 October 2018

HM the King Chairs Council of Ministers in Rabat

HM the King Chairs Council of Ministers in Rabat

HM King Mohammed VI chaired, on Wednesday at the royal palace in Rabat, a Council of ministers, devoted to the presentation of the general orientations of the 2019 Finance Bill and the adoption of two draft laws as well as several international conventions, says a statement by the spokesman of the royal palace.

At the beginning of the Council, HM the King questioned the minister of Economy and Finance on the measures under consideration so that certain public institutions and companies could honor their commitments and discharge their accumulated debts and arrears, particularly those in financial difficulties.

In this regard, the minister of Economy and Finance proposed the adoption of an action plan for the restructuring of certain public institutions and companies, notably by reviewing the status of subsidiaries and assets that are not directly linked to the main activity of the said institutions and companies, as well as by rationalizing their expenditure within the framework of program-contracts with the State.

On the other hand, HM the King requested clarification from the minister of Economy and Finance regarding the payment of arrears on value added tax refunds.

The minister said that an operation to immediately settle these debts for the benefit of private and public sector companies has been launched, through a partnership with the banking sector, noting that the financial impact of this operation on the State budget will be spread over the next ten years.

HM the King gave his high guidelines to examine these proposals and measures, so as to enable the public sector to consolidate its investment capacities and play its strategic roles and contribute to the dynamics of the national economy.

Afterwards, the minister of Economy and Finance made a presentation before HM the King on the general orientations of next year's Finance Bill.

This project, based on the high royal guidelines contained in the Speeches of the Throne Day and the Anniversary of the King and People's Revolution, focuses on four main priorities.

Firstly: giving priority to social policies, particularly in the fields of education, health and employment, speeding up the process of social dialogue, in particular with regard to the strengthening of the role of the education system in the training and socio-economic integration of young people, improving the conditions of access of citizens to health services, contributing to the restructuring of support and social protection policies and reducing disparities between the different categories and regions.

Secondly: stimulating private investment through the rapid adoption of the new Investment Charter, implementation of the reform of the Regional Investment Centers, improvement of the business climate and support for businesses, particularly SMEs.

Thirdly: pursuing major institutional and structural reforms, notably the completion of judicial reform, implementation of advanced regionalization, acceleration of the implementation of administrative deconcentration and the further reform of public administration.

Fourthly: preserving the main macroeconomic balances by continuing the reduction of the level of the budget deficit and vigilant debt management.

As part of the royal support for the promotion of the conditions of the staff of the general Directorate of Emergency Services, the Council of ministers adopted a draft law on the Foundation of the social works of the staff of this general Directorate.

The bill is meant to improve the social services offered to this category, particularly in terms of housing and complementary medical coverage, and to offer exceptional assistance to subscribers.

It also sets out the objectives and missions of this Institution, the procedures for its functioning and its financial and administrative organization, in particular as regards its control by the Inspectorate general of Finance and the Court of auditors, as well as the annual audit.

In the same vein, the Council of ministers approved the draft law setting the legal retirement age for members of the auxiliary Forces.

The purpose of this bill is to define the retirement age of auxiliary Forces, in accordance with the same terms and conditions applied to members of the Royal Armed Forces.

Within the framework of respect for regional and international conventions as well as the strengthening of Morocco's position and credibility, the Council of ministers approved six international agreements, including a multilateral one relating to the African Union Convention on Preventing and Combating Corruption.

Regarding bilateral agreements, they aim to consolidate Morocco's relations with several friendly and brotherly countries, and concern in particular the areas of judicial cooperation in criminal matters, civil, commercial and administrative spheres, as well as mutual administrative support in the field of customs and air services.

MAP 10 October 2018