Lekjaa announces growth of 3.7% in 2024

Lekjaa announces growth of 3.7% in 2024

The Minister Delegate to the Minister of Economy and Finance, in charge of the Budget, Fouzi Lekjaa, indicated on Friday in Rabat that on the basis of the assumptions adopted, the national economy should record a growth of 3.7%. in 2024, compared to a rate of +3.4% expected in 2023.

Lekjaa, who presented the general framework of the finance bill (PLF) for the year 2024 during a joint meeting of the finance committees of the House of Representatives and the House of Councillors, underlined that the rate growth should, in the medium term, stand at 4%.

These forecasts, he noted, could be revised downwards in the event of a further deterioration in the global economic outlook, due in particular to the repercussions of the Russia-Ukraine conflict and its impact on the prices of raw materials and chains. global production and supply, in addition to tighter monetary conditions.

In detail, Lekjaa specified that according to the forecasts of the three-year budget programming 2024-2026, the gross domestic product (GDP) should show a growth of 3.7% in 2024, 3.6% in 2025 and 4% in 2026. .

With regard to agricultural value added (VA), it should increase by 5.9% in 2024, 4.1% in 2025 and 4.8% in 2026, while the growth rate of non-agricultural VA will would settle at 3.4% in 2024, 3.6% in 2025 and 3.9% in 2026.

These assumptions are also based on an inflation rate limited to 3.4% in 2024 and 2% in 2025 and 2026.


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