Rabat – The House of Representatives (lower house) adopted by majority vote, Tuesday, the 2010 Draft Budget.
The Draft Budget was adopted by 58 votes in favour, 36 against and 21 abstentions.
It is based on three major fundamentals, namely the promotion of the economic growth to mitigate the effects of the international crisis, the acceleration of reforms and sector-based policies, and the promotion of social cohesion through a better sharing of the benefits of growth and the improvement of human development indicators.
The Budget, which forecasts a 3.5% growth, a not-more-than 2% inflation, and an oil barrel priced at 75 U.S. Dollars, provides for creating 23,800 job opportunities to meet the needs in social and justice sector.
It expects the budget deficit to attain 4% and hopes the stability of expenditure will be similar to that of 2009.
The Budget also expects a 20.4% rise in public investment, which would jump 40% on the 2009-2010 period.
This website uses IntenseDebate comments, but they are not currently loaded because either your browser doesn't support JavaScript, or they didn't load fast enough.
