Parliament endorsed the first part of the amended 2024 budget law with 175 deputies in favor and 59 in opposition, while one deputy abstained.
The amendments centered on a gradual overhaul of value-added tax, internal consumption tax, customs duties, and value-added tax rates.
The government pledged a phased reduction in the budget deficit to enhance financial equilibrium and alleviate debt concerns, despite external challenges.
Nadia Fettah said that the government succeeded in achieving three key objectives: securing financial allocations for social protection projects, ensuring transparency in reforming the compensation fund, and maintaining control over the economic macro framework.
The government’s strategy includes reinforcing public investment through continued major infrastructure projects, allocating MAD 335 billion in 2024 to strengthen essential economic structures.
Today’s session will feature committee reports on subsidiary budgets, discussion, and voting on the second part of the budget law, culminating in a comprehensive vote on the entire 2024 budget law.