King Mohammed VI, accompanied by Crown Prince Moulay El Hassan, chaired a ministers’ council on Saturday at the Royal Palace in Rabat that discussed and approved the broad guidelines of Morocco’s 2027 Finance Bill, which prioritizes purchasing power, social protection, youth employment and territorial development.
According to a statement from the Royal Office, the bill is built around five main priorities, including restoring citizens’ purchasing power through structural reforms of markets and prices, increasing direct social assistance, expanding health coverage and improving access to housing, healthcare and education.
The bill also provides for the launch of an integrated national youth program for 2027–2031, aimed at facilitating access to education, vocational training, employment, financing and housing.
Another key priority lies in accelerating advanced regionalization and a new generation of integrated territorial development programs, backed by an allocation of MAD 25 billion.
The government also plans to strengthen Morocco’s strategic sovereignty in water, energy, food and digital technology, notably by advancing renewable energy projects, green hydrogen development and gas infrastructure.
The fifth priority focuses on strengthening the national economy’s capacity to finance the Kingdom’s social and strategic ambitions while preserving macroeconomic stability and accelerating institutional reforms.
The Finance Bill further seeks to boost private investment, strengthen support mechanisms under the Investment Charter, reform Regional Investment Centers and support very small, small and medium-sized enterprises.
Economic projections presented to the council indicate that Morocco’s economy is expected to grow by 4.7% this year, with inflation at around 0.7% and the budget deficit projected to fall to 3% of gross domestic product (GDP).