King Mohammed VI chaired today, Saturday, at the Royal Palace in Rabat, a Ministerial Council devoted to deliberating and approving the general guidelines of the draft Finance Bill for the fiscal year 2027. The bill includes measures to support purchasing power, raise the value of direct social aid, and launch an integrated national youth program, alongside allocating 25 billion MAD to accelerate the rollout of the new generation of integrated territorial development programs.
A statement from the Royal Palace explained that the Minister of Economy, Finance, and Public Efficiency presented, at the beginning of the council’s proceedings and in accordance with Article 49 of the Constitution, an outline of the draft Finance Bill for the coming year. The presentation comes against the backdrop of an international environment marked by the rising cost of geostrategic conflicts, expanding protectionist trends, and intensifying competition over energy, technology, and financing.
The presentation highlighted that the national economy is expected to achieve a growth rate of around 4.7% by the end of the current year, while keeping inflation contained at around 0.7%, and forecasting a reduction of the budget deficit to 3% of Gross Domestic Product (GDP).
According to the same statement, the 2027 draft Finance Bill centers around five main priorities, led by restoring citizens’ purchasing power and strengthening the foundations of the social state. This will be achieved through a structural reform of markets and prices starting next year, alongside implementing measures to support purchasing power.
This priority includes continuing the generalization of health coverage and ensuring the sustainability of its systems, increasing the value of direct social assistance, doubling efforts to upgrade the public health and education systems, and enhancing access to decent housing through the implementation of the direct housing support program.
The second priority focuses on integrating youth into education, training, and decent work by launching an integrated national program for the 2027–2031 period. This initiative aims to direct young people toward training and professional support programs while facilitating access to financing, guarantees, and markets.
The Royal Palace statement emphasized that the draft Finance Bill accords special importance to youth concerns, considering them among the most pressing issues of the current stage. This requires moving beyond fragmented sectoral programs that have shown their limitations and transitioning toward an integrated national policy. Such a policy will accompany young people along their trajectory from education and training to employment and housing, helping them achieve economic and social stability.
The third priority pertains to accelerating the rollout of advanced regionalization and the new generation of integrated territorial development programs. This will be accomplished by re-engineering regional powers based on clarity and efficiency, enhancing coordination and contractual mechanisms between the State and the regions, and fully implementing the Administrative Deconcentration Charter.
In this context, the statement noted that, pursuant to Royal Directives, work will be undertaken to accelerate the deployment of the new generation of integrated territorial development programs by allocating financial appropriations estimated at 25 billion MAD.
The fourth priority lies in consolidating Morocco’s strategic sovereignty across the water, energy, food, and digital sectors. This will ensure water security, accelerate the development program for renewable energy, and continue implementing Morocco’s Green Hydrogen Offer.
Anticipated measures also include the gradual implementation of the gas infrastructure roadmap, alongside steps to guarantee food security and reinforce national digital sovereignty.
The fifth priority focuses on building a robust economy capable of financing the Kingdom’s social and sovereign ambitions, while accelerating institutional reforms and preserving the stability of economic and financial balances.
According to the statement, this orientation aims to secure the necessary financing to accelerate the completion of major development ventures, strategic projects, and sectoral strategies across various fields, as well as developing new sovereign industrial ecosystems.
Regarding investment, the 2027 draft Finance Bill gives special attention to boosting private investment by consolidating the support mechanisms provided for in the Investment Charter and continuing the reform of the Regional Investment Centers (CRIs).
In this respect, the draft project focuses on supporting very small, small, and medium-sized enterprises (MSMEs), aligning with the broader objective of strengthening the entrepreneurial fabric and enhancing the contribution of private investment to the national economic momentum.
The general guidelines presented during the Ministerial Council reflect the upcoming Finance Bill’s focus on combining support for purchasing power, expanding social protection, improving youth integration opportunities, accelerating territorial development, and enhancing economic sovereignty—all while maintaining the Kingdom’s financial balances.