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Morocco’s growth to reach 4.4 % in 2015: Minister

Rabat – Morocco’s economy growth rate is expected to reach 4.4 % in 2015, the minister delegate for the Budget Idriss Azami Al Idrissi said Sunday.Al Idrissi, who was speaking at meeting on “Issues and Challenges of the National Economy”, said that the targeted rate is based on an average oil price of $ 103/barrel and a 4.3 % budget deficit.In 2015, the government will focus on boosting growth and supporting private investments as well as expanding social security. Al-Idrissi also said that the 2015 draft budget bill includes new measures meant to encourage small and medium enterprises (SMEs) and promote job creation.Earlier on Friday, the Council of Government adopted the draft budget bill for 2015.According to Mustapha El Khalfi, the government spokesperson, the main aim of the 2015 draft budget is to improve competitiveness of the national economy.Under the 2015 draft finance law, a 3 billion dirhams fund for industrial development will be established and a battery of measures will be set to boost investment and improve Morocco’s attractiveness of far-reaching projects, he added read more

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