Finance minister surveys structural reform; foreign debt eats three times investment funds
Morocco, Economics, 5/7/2003

Moroccan minister of finance and privatization, Fathallah Oulaalou, surveyed here Monday the structural action plan of his department in priority fields.

The plan was conceived, to enhance the ministry's capacity to play its role of economic locomotive, Oulaalou said at a press conference.

The Plan is meant to "define a macro-economic framework to ensure a better visibility of the economic situation and of the government's intentions in the field (É) and to guarantee a better coordination and coherence in the department's action."

The application of the plan will concern several directions including the administration of customs and indirect taxes, the kingdom's general treasury, the general taxes direction and the budget direction.

On the reforms undertaken by the finance and privatization department, Oulaalou said staff expenses have the biggest share in the state's budget with 52.34 billion Dirhams (US$ 5.23 billion) in 2003, for 800,000 civil servants, followed by the public debt with 41.76 billion Dirhams (US$ 4.17 billion) and investment expenses with 19.55 billion Dirhams (US$ 1.59 billion), he said, adding that the "regionalization" of personnel management must be granted a particular attention.

The official pointed evoked other reforms by his Department, mainly the systems of integrated expenses management (GID), of credits globalization, and the encouragement of anticipated retirement. (MAP)IS

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