The 2020 Finance Bill provides for the creation of 23,112 budgetary positions, for next year. Positions distributed among the ministerial departments and institutions, according to a presentation note of this draft law, written by the Ministry of Economy, Finance and Public Administration Reform.
Rumors that the Moroccan government would end gas subsidies are false. These will be maintained next year.
The 2020 budget of the National Defense of Morocco sees an increase of nearly 30% compared to 2019 (45.4 billion dirhams against 35.1 billion), in order to cope with the increase in personnel costs and the acquisition of new equipment.
As part of the 2020 Finance Bill, a new provision proposed by the Government provides for an amnesty for holders of funds abroad. This measure will allow a GDP growth rate of 3.7% and reduce the budget deficit to 3.5%.
The Moroccan government plans to launch a new wave of privatizations as early as 2020. This is at least what the Finance Bill, tabled before the parliamentarians, provides for.
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 Ministry of Economy and Finance has published its semi-annual report on the execution of the Finance Act and notes a budget deficit of 21.8 billion dirhams. This situation would result from ordinary resources excluding loan receipts of 173.2 billion dirhams and charges excluding debt amortization of 195 billion dirhams.
The wage bill will increase next year due to retirement and social security contributions. These will be incorporated into personnel expenses.
For the 2020 Finance Bill project, changes are announced on VAT on imports, the Domestic Consumption Tax (TIC) and on import duties. Thus, revisions to these levels of taxation by the State are envisaged next year.
Local taxation will undergo a comprehensive overhaul, aimed at establishing a tax regime accessible to the taxpayer, and replenishing the coffers of local authorities, which are still lacking in resources.
As provided for in the Finance Act, the price of cigarette packs has increased since yesterday, Tuesday, January 1, 2019.
Young Moroccans called up for military service, which is due to begin at the end of next year, will be exempt from income tax (IR).