Morocco Government Plan Targets 5% Growth
The five-year program also pledges higher cash aid, a rising pension floor and more spending on housing, water and tourism.
- On Monday, October 19, head of government Fatima Ezzahra El Mansouri presented the Morocco government plan to both chambers of Parliament sitting together, targeting 5% average growth annually through 2031.
- King Mohammed VI appointed El Mansouri on September 29, making her the first woman to lead Morocco's government. Some men remarked, "It feels strange to have a woman as head of government."
- The proposal targets real economic growth averaging 5% annually through 2031, while doubling monthly cash aid to 1,000 dirhams and rehabilitating 100,000 rural homes with direct assistance.
- Lawmakers in the House of Representatives are scheduled to vote on granting the new government their confidence on Thursday, October 22, with the result still uncertain.
- Investors are closely monitoring whether the administration can maintain a 3% budget deficit and reduce debt to 62% of output by 2031 while funding expanded social spending pledges.
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16 Articles
The new head of the Moroccan government, Fatima Ezzarha El Mansouri, presented her general policy speech to Parliament on Monday 19 October. For almost 40 minutes, the Prime Minister has declined all the main axes of her programme for the next five years. Economy, employment, youth... Fatima Ezzahra El Mansouri set the course, in an attempt to meet the expectations of a population that has squandered the last parliamentary elections.
Today, the head of the new Moroccan Government said that she would raise the minimum retirement pension to approximately $306 by 2031, and promised that inflation rates would not exceed 2% to protect Moroccan purchasing power.
The Moroccan Prime Minister, Fatima Zahra Al-Mansuri, said yesterday that the new Government was aiming to achieve an average annual economic growth of 5 per cent between 2027 and 2031, up from 4.7 per cent expected this year, while keeping the budget deficit below 3 per cent of GDP.
Introducing the government program to Parliament on Monday, October 19, El Mansouri explained that the government will continue to mobilize international support for the Moroccan autonomy initiative,
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