Morocco's draft budget for 2007 to allocate more funds for local communities
2006-10-25
Morocco's draft budget for 2007, submitted last week to parliament by Privatisation and Finance Minister Fathallah Oualalou, envisages additional financing for local communities through a revision in income tax and local taxation. The new bill states that 1% of all tax proceeds will be allocated to local communities in 2007. With income tax receipts in 2007 projected to reach 25.6 billion dirhams and local taxes to contribute an additional 21.6 billion dirhams, local communities would receive 477m dirhams to finance infrastructure, irrigation and educational projects.
The 2007 draft budget also envisages a separate account for water purification and desalination, a project to be operational from January 2007. Funds will be also allocated for protection of the environment, development of infrastructure, supporting Morocco's candidacy to hold the International Exhibition in Tangier in 2012, and construction of a medical centre in Agadir.
About 70% of funds envisaged for government expenditure will be distributed between several ministries. The Education Ministry will have the largest share, with 35% of total spending. The Interior Ministry comes next with 20%, Health 7%, Finance 1.5% and Justice 1%. (L'Economiste, Le Matin)
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said Posted 2006-11-25
Well written.
عبد الصمد الحراق القصر الكبير Posted 2007-06-23
It seems that today's Morocco, is driving more quickly towards achieving progress this is mainly due to the presence of an experimented king, optimistic about a better future for his nation...It's clear that despite the financial crisis of Morocco, it's going steadily towards a better future...But the question that remains is why doesn't Morocco give priority to self strengthening the local economy.
nizar Posted 2007-12-03
So many billions and still nothing. These billions, I tell you where they will go: to the pockets of ministers. The minister of finance is the biggest thief on earth.
المغرب الى المسنقع Posted 2007-12-05
I address my comment to the officials - I mean the ministers. Have you ever been subject to robbery in the streets? Has anyone been confronted with a man carrying a sword? I address my words to those who go in smart cars and guarded by their men that we now live in the prehistorical times, the weak and powerful in the view of the judge are equal because there's money. We no longer feel safe. We are now robbed day and night, but there's no one to resort to but God.
morad Posted 2008-04-28
How much is allocated to the security side and how much is allocated to the royal family?
ابراهيم Posted 2008-05-16
In the name of God most gracious most merciful. Morocco has been experiencing significant progress recently. But unfortunately, monthly salaries haven’t seen any progress as his majesty the king authorised only a 10% increase while other countries such as Egypt made a 30% or 35% increase in workers' wages. So we wish success to our country and prosperity with the will of God.
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