Finance Bill 2023: More than 3.3 billion additional dirhams for the implementation of the Investment Charter

The Minister of Economy and Finance, Nadia Fettah announced on Thursday in Rabat that the finance bill (PLF) for the year 2023 devotes an additional amount of 3.3 billion dirhams (MMDH) to implement the Investment Charter and honor the various commitments relating to industrial investment projects.

Mrs. Fettah, who presented the outline of the project to the two Chambers of Parliament, stressed that the government will accelerate the implementation of the provisions of the framework law forming the Investment Charter, in particular through the reduction of spatial disparities. in terms of attracting investment and activating support mechanisms for strategic projects, support for small and medium-sized enterprises (SMEs), as well as support for Moroccan companies seeking to develop internationally.

The government will also consider, adds the minister, the activation of the Mohammed VI Fund for investment, the continuation of the public investment effort, particularly with regard to infrastructure projects, the continuation of the implementation of sectoral strategies with a view to improving the competitiveness of the national product and strengthening food, health and energy sovereignty.

In this context, she indicated that public investments should increase by 55 billion dirhams to reach 300 billion dirhams.

In addition, the minister stressed that the government, aware of the importance of the tax system in achieving economic recovery, attaches particular importance, through the PLF-2023, to the continued implementation of the main provisions framework law on tax reform, which will improve the business climate in favor of the various players over the next four years.

These include the launch of a comprehensive reform of corporation tax (IS), based on a gradual move towards a unified rate, with an increase in the contribution of large companies, whose net profits exceed 100 million dirhams, as well as credit institutions and similar organizations and insurance and reinsurance companies, in parallel with the reduction in the minimum contribution rate and the rationalization of tax exemptions and privileges.

In order to raise the level of territorial justice and fight against regional disparities in terms of attracting investments, the implementation of the advanced regionalization project will continue, assured the minister, with the allocation of 10 billion dirhams to the regions. , in addition to 6 billion dirhams to continue the implementation of the program to reduce territorial and social disparities.

At the same time, the government will focus on accelerating the implementation of administrative reform with the aim of improving the efficiency of public services, by simplifying procedures, and launching a new digital transformation strategy with an envelope of 1 billion dirhams for its implementation, as part of the PLF-2023, said Ms. Fettah.

The executive will also continue its efforts related to the implementation of the administrative devolution project as well as the official character of the Amazigh, in various aspects of public life, for which 300 million dirhams have been allocated within the framework of this project, she added.

In addition, Ms. Fettah underlined that the management of the problem of the lack of water resources is of great importance in the PLF, in application of the High directives of HM King Mohammed VI on the occasion of the opening of the first session of the second legislative year of the current mandate, noting in this context that the government has taken care since its installation to act with firmness and responsibility to accelerate the realization of the various structuring projects included in the national drinking water supply program 2020-2027 , led by the acceleration of the implementation of seawater desalination plant projects and the completion of the construction of scheduled dams.

The government has also allocated a total of 10.6 billion dirhams to manage the problem of water scarcity, an increase of about 5 billion dirhams compared to the previous year, in order to continue the construction of large and medium dams. , liquidate the properties associated with them, contribute to the financing of desalination projects and the realization of drinking water supply projects in rural centers and douars, she said.

And to affirm that the government wants, within the framework of the PLF-2023, to give a strong impetus to investment in both the public and private sectors as an essential lever for laying the foundations for sustainable growth capable of creating employment and provide funding resources for the various social and development programs in accordance with the High Royal Guidelines.

The editorial staff /Le7tv