Rabat, Morocco (TMT)- The House of Representatives of the Moroccan parliament adopted on Monday by majority (170 voted for the motion while 52 voted against it) a draft for the Finance Law 2016 (project de loi de finances).
The draft Finance Law projects a growth rate of 3.5% in Morocco for 2016, expecting an average cereal harvest of 70 million quintals of wheat.
According to the 2016 Finance Law draft, the inflation rate will increase by 1.7% and the budget deficit will decrease by 3.5%.
The draft for the Finance Law 2016 will be presented today before the second house of the Moroccan parliament, the House of Councillors.
The Moroccan Times.
