Rabat (GNP): King Mohammed VI of Morocco, accompanied by Crown Prince Moulay El Hassan, presided over a Council of Ministers at the Royal Palace in Rabat on Saturday. The session was devoted to examining and adopting the general guidelines of the Draft Finance Law for 2027.
In line with Article 49 of the Constitution, the Minister of Economy, Finance and Public Performance opened the meeting by presenting the outlines of the bill to the King. The minister said the draft is being prepared in a deeply unstable international environment, shaped by the rising cost of geostrategic conflicts, growing protectionist tendencies and sharper competition over energy, technology and financing.
Against that backdrop, the bill rests on five priorities. The first is restoring purchasing power and strengthening the foundations of a sustainable social state. A structural reform of markets and prices will begin in 2027, alongside measures to support citizens’ purchasing power, continued generalisation of medical coverage with sustainable schemes, and a revaluation of direct social assistance.
The second priority is bringing young people into education, training and decent employment. The government will launch an integrated national programme for young people for 2027 to 2031, centred on training, incubation and easier access to finance, guarantee mechanisms and markets. The bill says the many scattered sectoral programmes have shown their limits, and it favours one national policy that follows young people from education and training to employment and housing.
The third priority is speeding up advanced regionalisation. This follows the royal guidelines on reorganising regional competences, with clearer roles, better coordination and contractual mechanisms between the State and the regions, alongside full implementation of the National Charter of Administrative Deconcentration. A new generation of integrated territorial development programmes will be accelerated, with budget appropriations of about 25 billion dirhams.
The fourth priority is strengthening strategic sovereignty in water, energy, food and digital technology. It covers water security, faster renewable energy development, continued rollout of Morocco’s green hydrogen offer and gradual implementation of the gas infrastructure roadmap. It also includes measures to guarantee food security and reinforce national digital sovereignty.
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The fifth priority is building a strong economy that can finance both social and sovereign ambitions. The aim is to mobilise the funding needed to speed up major development projects and sectoral strategies, and to develop new sovereign industrial ecosystems. This is to go hand in hand with institutional reforms and the preservation of macroeconomic and budgetary balances.
The bill also gives particular attention to private investment, by consolidating the support mechanisms in the Investment Charter and continuing the reform of the Regional Investment Centres. It places the focus on very small, small and medium-sized enterprises.
The minister also set out the economic outlook behind these choices. Inflation is contained at 0.7%, and the budget deficit is expected to fall to 3% of Gross Domestic Product (GDP). The minister said, “The national economy is expected to grow by 4.7% at the end of the current year.”
