King Mohammed VI, accompanied by Crown Prince Moulay El Hassan, chaired a ministerial council on Saturday at the Royal Palace in Rabat. The meeting was devoted to discussing and approving the broad guidelines of the 2027 Finance Bill, which includes measures to support purchasing power, increase direct social assistance, and launch an integrated national youth program. The bill allocates MAD 25 billion to accelerate the implementation of a new generation of integrated territorial development programs.
According to a statement from the Royal Office, the Minister of Economy, Finance and Public Administration Performance opened the meeting by presenting to the King the main outlines of next year’s Finance Bill, in accordance with Article 49 of the Constitution.
The Minister emphasized that this Bill comes on the backdrop of a highly volatile international environment, marked by the rising cost of geostrategic conflicts, growing protectionist trends, and intensifying competition over energy, technology, and financing.
The presentation indicated that Morocco’s economy is expected to grow by around 4.7% by the end of the current year, while inflation is projected to remain at approximately 0.7%. The budget deficit is expected to decline to 3% of gross domestic product (GDP).
According to the Royal Office statement, the 2027 Finance Bill is built around five main priorities, on top of which restoring citizens’ purchasing power and strengthening the foundations of the social state. This will involve launching a structural reform of markets and prices starting next year, alongside measures to support purchasing power.
This priority also includes continuing to expand health coverage and ensuring the sustainability of its financing systems, increasing the value of direct social assistance, stepping up efforts to upgrade public healthcare and education systems, and improving access to decent housing through the implementation of the direct housing assistance program.
The second priority concerns integrating young people into education, training and decent employment through the launch of an integrated national program for the 2027–2031 period. The program will focus on directing young people towards training and professional support schemes while facilitating their access to financing, guarantees mechanisms and markets.
The Royal Office’s statement emphasized that the Finance Bill gives particular importance to young people’s concerns, describing them as among the most pressing issues of the current period. This requires moving beyond fragmented sector-specific programs, which have demonstrated their limitations, towards an integrated national policy that supports young people throughout their journey from education and training to employment and housing, helping them achieve economic and social stability.
The third priority involves accelerating the implementation of advanced regionalization and the new generation of integrated territorial development programs. This will be achieved by redefining the responsibilities of regions according to the principles of clarity and efficiency, strengthening coordination and contractual mechanisms between the central government and regional authorities, and fully implementing the administrative devolution charter.
In this regard, the statement noted that, in line with the King’s directives, efforts will be made to accelerate the rollout of the new generation of integrated territorial development programs through the allocation of approximately 25 billion dirhams in budgetary appropriations.
The fourth priority focuses on strengthening Morocco’s strategic sovereignty in the areas of water, energy, food and digital technology. The objective is to ensure water security, accelerate the renewable energy development program, and continue implementing Morocco’s green hydrogen offer.
Expected measures also include the gradual implementation of the gas infrastructure roadmap, alongside steps to ensure food security and strengthen national digital sovereignty.
The fifth priority centers on building a strong economy capable of financing the Kingdom’s social and sovereign ambitions, while accelerating institutional reforms and maintaining the stability of the country’s economic and financial fundamentals.
According to the statement, this approach aims to provide the necessary financing to accelerate the implementation of major development projects and sectoral strategies across various fields, while developing new strategic industrial ecosystems.
Regarding investment, the 2027 Finance Bill places particular emphasis on boosting private investment by strengthening the support mechanisms established under the Investment Charter and continuing the reform of Regional Investment Centers.
In this area, the bill focuses on supporting very small, small and medium-sized enterprises (VSMEs and SMEs), as part of a broader strategy to strengthen Morocco’s business fabric and increase the contribution of private investment to national economic growth.
The broad guidelines presented at the ministerial council reflect the next Finance Bill’s focus on combining support for purchasing power with expanded social protection, improved opportunities for youth integration, accelerated territorial development and stronger economic sovereignty, while maintaining the Kingdom’s fiscal balance.