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Morocco plans to lessen joblessness to 12.6%

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Morocco intends to lessen joblessness to 12.6% as part of the 1999-2004 five-year development plan, adopted this week by the government.

The objective can be fulfilled through a sustained growth rate of 5% annually, the Moroccan department of economic forecast and planning said in a document.

The five year plan devotes 22% of the investment budget to social fields against 19% in the previous plan.

According to the ministry, the plan also targets to bring down the budget deficit from 2.4% to 1%.

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