HIBAPRESS
The House of Representatives approved, by a majority, the first part of the draft finance law No. 50.25 for the fiscal year 2026, at the conclusion of a general session that extended into the early hours of Friday morning.
The first part of the draft law, during this session which was attended by the Minister of Economy and Finance, Nadia Fettah, and the Minister Delegate in charge of the Budget, Fouzi Lekjaa, received the approval of 165 parliamentarians, while 55 deputies opposed it, without any abstentions being recorded. The report of the Finance and Economic Development Committee stated that the total number of amendments referred to the committee regarding the draft finance law for the year 2026 reached a total of 350 amendments, including 328 amendments in the first part, and 22 amendments in the second part, noting that the number of amendments accepted in the first part reached 30 amendments. The amendments in the first part were distributed between the government (two amendments), the majority groups (23 amendments), the Socialist-Federal Opposition Group (73), the Movement Group (46), Progress and Socialism (37), the Parliamentary Group for Justice and Development (117), and the deputy Fatema El Tameni (30 amendments). The Minister of Economy and Finance, Nadia Fettah, had confirmed during the general discussion of the draft finance law that the general context of its preparation reflects a new stage of national economic dynamism, where the discussion is no longer focused on resilience or reducing the effects of crises, but on achieving sustainable growth and diversifying sources of wealth in light of a successful Moroccan economy, moving forward according to a long-term strategic vision. She stressed that the draft law seeks to achieve a precise balance between the logic of numbers and the integrated development bet, considering it a financial and development framework at the same time, reflecting the government's comprehensive vision in implementing its strategic choices and implementing the recommendations contained in the general report on the new development model. She added that Morocco has achieved remarkable success in maintaining macro-economic balances and strengthening financial sovereignty, thanks to tax reforms, rationalizing expenditures, and improving resource mobilization, which enabled the reduction of debt and the strengthening of the confidence of international institutions, pointing out that these "data will attract more global investors." It is worth noting that the House of Representatives will hold a general session today, Friday, devoted to discussing and voting on the second part of the draft finance law, after which the entire draft law will be voted on.
