HIBAPRESS
The Head of Government, Aziz Akhannouch, has issued a new circular that sets the reference framework for preparing budgetary programming proposals for the period 2027-2029, in a move aimed at establishing more precise and clear financial planning.
This approach emphasizes adopting a results-based approach, by defining measurable goals and performance indicators, which enhances the proactive nature of public finance management and ensures its alignment with the strategic priorities of the state. The circular gives multi-year programming a pivotal role in strengthening the strategic vision, as a mechanism to frame public policies in the medium term, and ensure the sustainability of financial balances. It also highlights its importance in supporting the dynamism of the national economy and consolidating social justice, by increasing the efficiency of public facilities and improving the quality of services provided to citizens. In the context of defining the priorities of the next phase, the circular emphasizes that the kingdom’s development choices, under the royal leadership, are based on major, long-term projects, headed by the project to generalize social protection as a structural reform that requires sustainable financial resources and a strong health system. It also stresses the continuation of reforming the education and training sector, by expanding the “pioneering institutions” model and building a university more suited to the requirements of the future, in addition to giving a strong impetus to the employment file by improving mediation mechanisms and stimulating the dynamism of the labor market. This trend extends to include other vital issues, including strengthening water security through the mobilization of strategic investments, accelerating the pace of digital transformation within the framework of “Digital Morocco 2030”, as well as supporting national industrial sovereignty under the “Made in Morocco” brand, and moving forward in the transition towards renewable and alternative energies. On the financial level, the circular renews the government's commitment to continue the approach of budgetary discipline, by controlling the budget deficit within 3% of the gross domestic product, and working to gradually reduce treasury debt to about 63% by 2029. It also calls for greater rigor in managing expenditures, whether related to the wage bill, which must be controlled according to actual needs, or equipment expenditures, which should be rationalized, while giving priority to investments related to strategic projects and royal directives. This circular reflects a governmental trend towards consolidating more effective financial governance, which is based on linking public spending to results and enhancing transparency in resource management, thereby supporting confidence in public finances and contributing to achieving balanced and sustainable development.
