Tuesday, November 5

Moroccan Govt To Control Public Deficit, Develop New Forms Of Financing: Official

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Rabat – Moroccan Economy and Finance Minister Nizar Baraka announced on Wednesday that a series of measures will be taken on the financial, economic and social levels in order to enable the new government to carry out its priority programmes.

These measures aim to ³control the public deficit, ensure better targeting of public policies and develop new forms of financing through public-private partnerships, particularly in social areas of education and health² the minister said in an interview to news Satellite channel ³France 24.²
He also noted that unemployment among young graduates is ³one of the major issues² that the government will face, adding that the new cabinet will focus on boosting growth, encouraging job-creating actions, and promoting small businesses.
The minister also stressed the need of establishing a ³better governance,² strengthening transparency and fighting against corruption. Baraka said he is confident about the ability of the new government to carry out its projects, thanks to Morocco¹s macroeconomic stability and the gains achieved by the outgoing government in the social area. He also noted the significant growth achieved in Morocco with an average of 4.5% over the last four years, which is, as he said, ³a real growth driver.²

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