This involves continuing to strengthen the foundations of the social state, consolidating the dynamics of investment and job creation, continuing the implementation of structural reforms, and maintaining the sustainability of public finances, as specified in this note.
“By the second half of its mandate, the Executive intends to strengthen the fundamental reforms initiated by His Majesty King Mohammed VI, continue to accelerate the implementation of the government program, by focusing on improving the governance of the approaches adopted, optimizing operating and coordination mechanisms, as well as increased openness to major current issues,” the same source stated.
The government reaffirms its conviction of the primacy of the promotion and integration of human capital, considered as the ultimate objective of all public policies in the Kingdom and as a benchmark for measuring government interventions.
“The guarantee of dignity and a decent life for Moroccan families cannot be achieved without a structured economic policy, based on the promotion of investment, employment, and support for promising sectors with a view to mobilizing the necessary financing to ensure the sustainability of the pillars of the social state,” the note notes.
Furthermore, the government is committed to continuing its policy in the territorial areas, by initiating a new phase of convergence and territorial integration. This will be based on a range of contractual mechanisms and creative economic initiatives set up with the Regions, as well as on the acceleration of the implementation of development programs and regional land use plans.
Water, food, and energy sovereignty, as well as the protection of purchasing power, advocated by His Majesty the King, will be the major priorities of government efforts in the years to come and will be guided by inclusive and coherent sectoral leadership, aimed in particular at the empowerment of Moroccan families.
Moreover, the Executive will ensure, in 2025 and in the following years, to maintain public finances on a sustainable trajectory, aiming for a budget deficit of 4% of gross domestic product (GDP) in 2024, 3.5% in 2025, and 3% in 2026. It will also monitor the volume of debt, aiming to keep it below 70% of GDP by 2026.
This approach will make it possible to regain the financial margins necessary to continue the various development projects, while preserving the dynamics of public investment, an essential lever for consolidating the pillars of the social state.
Thus, and in application of the priorities set, it is planned to achieve a growth rate of nearly 4.6% in 2025 compared to 3.3% in 2024.