Among the Moroccans infected with the coronavirus, there are 300 cases and 6 deaths at the Ministry of Finance. The information was made public on Thursday by Minister Mohamed Benchaâboun, during his appearance before the members of the Finance Committee in the House of Representatives.
A significant negative budget balance of 41.3 billion dirhams (MMDH) is observed after the execution of the Finance Act (LF) at the end of September 2020, according to the Ministry of Economy, Finance and Administrative Reform .
In a difficult context marked by the health crisis due to the coronavirus, hope is allowed for certain sectoral activities, including exports. They increased by 6.8% in August compared to the same period in 2019.
The children of deceased civil servants of the Ministry of Economy and Finance and Public Administration Reform will now be supported in their education. This is the decision of the National Democratic Union of Finance (SNDF), affiliated with the Moroccan Union of Labor (UMT).
The Minister of Economy and Finance is preparing to regularize the situation of state-certified nurses holding a BAC +2 degree. This decree signed on August 26 will be presented in the coming days to the Council of Ministers for approval.
Out of a total of 568,149 civil servants, the Moroccan civil service allocates 135.93 billion dirhams to personnel expenses. However, there are striking wage differences between the public sectors, but also with the private sector.
In Morocco, 8.54% of civil servants of the State receive only between 3,000 and 4,000 dirhams per month. This is far from the 8,147 dirhams set as the average monthly net salary in the civil service, an increase of nearly 25% between 2010 and 2020.
Before covid-19 came to challenge the aviation sector, Royal Air Maroc was already going through a critical period in 2019. The Directorate of Public Establishments and Enterprises (DEPP) published a report that speaks of a loss in the order of 131 million dirhams for the year 2019.
The Moroccan government has planned 230 billion dirhams for public investment in 2021. Several sectors are concerned.
While it was only 28 billion in 2019, the budget deficit reached 42.8 billion by the end of September 2020. It would have widened further (22.3 billion dirhams) without the contribution of the Covid-19 Fund.
The preliminary budget report forecasts an average annual growth rate of 4.5% between 2021 and 2023. Will this growth be sufficient to erase the damage from the health crisis?
Morocco launched, on Thursday, a one billion euro euro-bond in two tranches of 500 million euros each.