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PLC 2020: Social will be on stage

Priority is given to the social sectors, as well as to economic development through investment, the pillars of the future draft of the Finance Act (PLC) for 2020.

Education, employment and health will be at the heart of PLC 2020, which aims to bring about a real change in the national economic structure. The goal for next year will be to reduce social disparities, in order to establish a solid basis for national economic development as a whole.

PLC 2020 was adopted on October 17 in Rabat, paving the way for expected growth of 3.7% in 2020, which can be achieved if the agricultural campaign proves to be positive. In fact, forecasts point to the planned target of 70 million quintals for crop production, in the context that the average price per barrel would be $ 67, while that of butane would be about $ 350 per tonne.

That said, the social will be set once for the government's policies, in the words of chief executive Saaddin El Otmani, at the first meeting of the government council in its new structure.

If these points do not seem a bit familiar from the scene, this does not prevent them from enjoying real reinforcement in the context of PLC 2020. In this sense, El Otmani's words confirm what was prepared by the Ministry of Economy and Finance, Mohamed Benchaboun , who indicated that the goal for next year would be to pay special attention to education, employment, social protection and regionalization. In this regard, the head of government pointed out that these sectors represent a top priority (…), but improvements are needed in order for their influence to reach large segments of society, especially among the poor and middle class. ".

The era is changing

In terms of education and vocational training, it will be necessary to establish regional cities, modernize this vital sector, and offer tailor-made training to the labor market.

This aims to reduce the unemployment rate of young graduates while enhancing their skills, at home and abroad.

In addition, and in line with the call of the royal speech, particular attention will be paid to young entrepreneurs, VSEs and SMEs, who present strong development potential for the national economic structure if they benefit from genuine support. . Completion of this project requires the deployment of well-studied infrastructure, offers funding opportunities and adequate support to the various profiles that will be presented to funding agencies, including the banking sector.

Stimulating investment should help fight unemployment, while developing an entrepreneurial culture among young workers in search of stable income.

In this regard, King Mohammed VI called on Bank al-Magrib, the Ministry of Economy and Finance, and a group of Moroccan professional banks to set up a mechanism that could serve as a baseline, guidance, guide and repository for entrepreneurship project development.

The other goal is to establish an effective strategy to provide social protection to vulnerable socio-economic groups. Benchabu also indicated that the goal behind this project would be " improvement and generalization of medical services, expansion of medical coverage and operationalization of health insurance, as well as implementation of social dialogue efforts, improvement of targeting of precarious categories, progressive development of the direct assistance they receive, accelerated implementation of the anti-trafficking program. territorial and social differences in rural areas and support for the third phase of the National Human Development Initiative ".

This objective should be achieved by implementing and extending the budget control strategy, which should reach 3.5% by the end of 2019 (compared to 3.7% a year earlier). The target remains relatively accurate, given the social measures taken during the current year, especially in terms of agreeing to social dialogue, which cost DEM 14 billion, of which USD 6 billion for the current year.

With regard to regionalization, it is about reducing territorial differences and guaranteeing a more or less equal rate of development for all regions of the kingdom. The Minister of Economy and Finance pointed out that the realization of this project should result in " increasing regional resources and accelerating the implementation of the Charter on Administrative Deconcentration ".

This project also aims to move the rural world to new horizons, instead of having its survival dependent on agricultural activity, which may accidentally affect the economic situation of the dependent households.

Thus, the head of government suggested that by initiating a regionalization project, the executive would have "a detailed map for the effective implementation of decentralization in accordance with the provisions of the Charter on Administrative Decentralization. , Adding that the Regional Investment Centers (RIC) reform is " another priority set by the government ".

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