The House of Representatives has approved new measures that will govern taxation for the year 2020, pending the results of the international Road show which plans to raise one billion dirhams on the financial markets.
Morocco will participate in an international fundraising operation of nearly one billion dollars. To this end, four banks have been mandated by the kingdom to participate in this operation.
The budget deficit stood at 39 billion dirhams (MMDH) at the end of October 2019 compared to 33.4 MMDH during the same period in 2018. The General Treasury of the Kingdom (TGR) announced this in its latest monthly bulletin of public finance statistics.
People with disabilities can finally breathe a sigh of relief. The 2020 Finance Bill (PLF), in its social orientations, provides for measures to allow people with disabilities to receive monthly allowances.
The external debt of developing countries has increased to $7,800 billion in 2018, an increase of 5.3% year-on-year, according to a World Bank report. The situation has deteriorated in several countries since 2009, including in Morocco, warns the international institution. At the end of 2018, the stock of the Kingdom’s external debt reached a more than significant amount.
Japan and Morocco have decided to conclude an agreement, one of the provisions of which will be devoted to double taxation.
Morocco’s economic growth is sluggish. This is revealed by the High Commission for Planning (HCP) in its latest indicators on National Accounts. From 3.5% in the previous quarter, it drops to 2.8%.