A total of 13 billion dirhams (MMDH) will be mobilized, as of next December, to repay the arrears of the credits of the value added tax (VAT) and this, in order to allow companies to have significant liquidity in their treasury, announced Monday in Rabat, the head of government, Aziz Akhannouch.
“The government undertakes, from the current year, to clean up the arrears of VAT credits for the benefit of private sector companies. From next December and before the end of the first quarter of 2022, 13 billion dirhams will be injected to repay the arrears of VAT credits, ”said Aziz Akhannouch during the monthly session devoted to public policy in the House of Representatives on the theme “Government action plan to strengthen the construction of the welfare state”.
The objective is to allow companies, particularly small and medium-sized enterprises (SMEs), to have significant liquidity in their cash flow, in order to withstand the health crisis of covid-19 and to engage in the dynamic of creation. added value and employment opportunities, he argued. The government, aware of the role of investment and of the economic dimension in supporting the pillars of the welfare state, has adopted an economic policy based on five main axes, namely the immediate revival of the national economy, in place of a national and regional support program for start-ups in promising sectors, the implementation of structural reforms to support the national economy, the execution of ambitious sectoral policies at national and regional levels, in addition the establishment of an effective policy to support women’s economic activity, said Mr. Akhannouch. In order to carry out these axes, he continued, the government is adopting specific measures concerning the establishment and execution of an emergency policy to support those excluded from the labor market and support businesses in difficulty.
This requires support and financing, the promotion of private initiative by overcoming organizational and administrative obstacles, by creating a competitive advantage, by supporting the development of competitive and innovative companies, as well as by protecting the “Made”. in Morocco ”in order to support national production, added Aziz Akhannouch. And to note that the social commitments of the government also consist in the adoption of a national policy of economic transformation, based on the promotion of the national economy for the benefit of employment, by making the latter a fundamental axis of all public policies in the economic field.
Aziz Akhannouch also affirmed that given the role of public investments in the promotion of public orders, the Executive is committed to the execution of many sectoral strategies, in particular the new generation of ambitious strategies launched by His Majesty. King Mohammed VI.
In this regard, the Head of Government referred to the agricultural strategy “Green Generation 2020-2030” which aims to bring out a new generation of farmers, as well as the industrial acceleration plan (PAI) 2021-2023 aimed in particular to replace 34 billion dirhams of imports and plans to revive tourism, crafts and the social economy in order to overcome the health crisis and create new employment opportunities.
He also recalled that the total public investment planned for fiscal year 2022 should reach MAD 245 billion and this, thanks to the creation of the Mohammed VI Fund for Investment, adding that the government will ensure the implementation of ” a comprehensive reform of public establishments and enterprises (EEP) and monitoring of the tax reform to strengthen it with a new charter that stimulates investment.
Aziz Akhannouch indicated, to this end, that the government intends to take all the necessary measures to revive and encourage public and private investments, national and foreign, and to exploit all the means and incentives of a fiscal and non-fiscal nature. This government, he said, also aspires through its program, to give all Moroccans the opportunity to build a better future, within the framework of the rule of law and freedom, social justice and spatial, recalling that in this regard it has set itself clear objectives and quantified indicators facilitating the correlation between responsibility and accountability.