Morocco Slashes Budget as Pandemic Strains Economy

All sectors are affected by the circular note from the Head of Government. With regard to civil servant expenses, the circular emphasizes the reduction to a strict minimum of the creation of budgetary positions, the redeployment of human resources, the encouragement of the use of renewable energies and energy efficiency technologies.

Regarding investment expenditure, priority will be given to ongoing projects, specifically those that are the subject of national and international agreements signed before King Mohammed VI; the implementation of the legal framework for public-private partnerships.

There is also a reduction in investment subsidies for public institutions and their prioritization for strengthening commitments related to ongoing projects.

These guidelines also apply to publicly managed public services, special treasury accounts and public institutions benefiting from allocated resources or state subsidies.

Public institutions benefiting from state subsidies are required to prepare their budgets based on an indexation clearly setting out the programs and projects benefiting from the credits, in parallel with the accounting of their resources and expenditures.

The Prime Minister is committed to the issues to be taken into account in order to honor the budgetary commitments in order to complete the government program and accelerate the implementation of various reform projects, particularly in the areas of health, education and vocational training. Water, agriculture and industry must benefit from major development strategies.