2024-07-29 08:04:00
This PLF received the approval of 45 councilors and the opposition of 13 others, while 6 councilors abstained from voting. This is the same formula with which the Chamber of Councilors adopted the second part of this draft finance law.
According to the report of the Finance, Planning and Economic Development Committee, the amendments relating to the first part of the Finance Bill reached 243 amendments (73 accepted, 52 rejected and 118 withdrawn).
The accepted amendments were proposed by the groups and groupings of the majority (35), the group of the General Confederation of Moroccan Enterprises (24), the group of the Moroccan Labor Union (2), the Haraki group (5), the Social Justice group (3), in addition to two amendments proposed by the advisers of the National Labor Union in Morocco and two other amendments by the socialist-opposition Ittihadie group.
The amendments mainly concerned the reform of the value added tax (VAT) which will be carried out in a progressive manner during the period 2024-2026, corporate tax (IS), income tax (IR), customs measures, as well as other measures relating to the revision of the provisions of Article 6 of the Finance Bill concerning State aid to support housing and to strengthen the financial resources allocated to the Social Protection and Social Cohesion Support Fund.
The House of Councillors will subsequently hold a plenary session devoted to the examination and voting of the PLF-2024 in second reading.
It should be recalled that the Minister Delegate for the Budget, Fouzi Lekjaa, confirmed, before the Finance, Planning and Economic Development Committee of the House of Councillors, the relevance and solidity of the assumptions on the basis of which the PLF was drawn up.
According to the minister, the development of this draft finance law was marked by exceptional circumstances that impacted its content and emerged as priorities, such as the Al Haouz earthquake, which required the allocation of 9 billion dirhams (MMDH) to support the victims and rebuild the affected areas, in addition to addressing the issue of water shortage for which an envelope of 5 MMDH was dedicated.
He noted that social dialogue is also one of the major priorities, affirming that efforts have been made to complete the pillars of the social component, in execution of the High Royal Instructions, as well as to complete the social and economic project by 2030.
2024-07-29 08:04:00