Speaking during a plenary session in the House of Representatives devoted to the discussion of the report of the Court of Auditors on the work of the Council for the 2022-2023 financial year, Ms. Fettah explained that this support mainly concerned the departments of National and Preschool Education, and Vocational Training, in order to align their budgetary programs with the strategic axes of framework law No. 51.17 relating to the system of education, training and of scientific research.
And to add that the decree relating to the establishment of a management control system at the level of ministerial departments, published in the Official Bulletin, aims to establish a harmonized regulatory framework for the establishment of the management control system at the level of ministerial departments in order to meet the principles of transparency.
Furthermore, Ms. Fettah recalled the reforms initiated by the Finance Law (LF) 2022, in particular those relating to corporate tax (IS) and income tax (IR), as well as the rationalization of certain tax incentives in accordance with internationally recognized rules of good governance.
The implementation of the global IS reform was continued within the framework of the LF-2023, in order to gradually unify the rates by 2026 and, thus, improve the contribution of certain large companies by reducing the rate minimum tax and the withholding tax rate on distributed profits, she added.
The minister also affirmed that the government continued the reform process within the framework of the LF-2024, which gave priority to the reform of the value added tax (VAT), according to the same gradual approach. in order to ensure the clarity and stability of the tax system by 2026.
The government is working to continue the aforementioned reform within the framework of the next finance bills (PLF), in accordance with the principles and objectives defined by framework law No. 69.19, particularly with regard to the reform of the progressive scale of the IR, which the government is committed to including in the LF-2025, she maintained.
Ms. Fettah also assured that the VAT reform should lead to a total exemption from January 1, 2024 for certain consumer products currently subject to the rate of 14% or 7%, as well as a gradual reduction in the price of certain products at 10% instead of 14%, which will improve the purchasing power of households by reducing the cost of VAT in the price structure.
With regard to public establishments and enterprises, Ms. Fettah indicated that the measures taken by the government have enabled the creation of the National Agency for the Strategic Management of State Participations and Monitoring of the Performance of Public Establishments and Enterprises ( ANGSPE), following the holding of its Board of Directors (CA) in December 2022, noting that procedures are underway to complete the composition of its CA through the appointment of independent members.
Concerning the Mohammed VI Fund for Investment (FM6I), the minister indicated that its board had approved its strategic orientations and its development plan, and that measures are underway to complete the formation of the Council, adding that the Fund has selected 17 sectoral and thematic fund management companies, particularly in the fields of industry, tourism, agriculture, transport, services and logistics.