HUISBAAS
12-11-10, 20:04
RABAT (Reuters) - Morocco plans to increase investment spending by 3 percent next year to bolster its economic growth and offset the slow recovery in its main European export markets, the finance minister said.
"Our aim and emphasis in the draft budget for 2011 are to spur growth and growth and more growth," Slaheddine Mezouar told a news conference late on Thursday.
The government expects the economy to expand by 5 percent next year versus an estimated 4 percent this year, he added.
"Investment spending shielded our economy from the impact of the global crisis. We spent 400 billion dirhams in the 2008-2010 period and we will keep up with this effort by raising investment to 167.3 billion next year," he said
The government planned investment spending of 162.3 billion dirhams for this year.
"These investment expenditures are not small amounts for a country like Morocco. They will allow our economy to remain resilient and reap the fruits when the world economy fully recovers," Mezouar said.
The government envisages a budget deficit of 3.5 percent next year versus a planned deficit of 4 percent this year, with inflation unchanged at 2 percent from this year's forecast.
It will invest in upgrading basic infrastructure like roads and ports and alleviate poverty in remote areas.
"Our social development priority is education, health and remote areas where we will spend 48 billion dirhams, 11 billion and 20 billion respectively," Mezouar added.
He cited spending of 4.3 billion dirhams in subsidies for poor families that encourage their children to remain at schools, with aid ranging from free school lunches to free transport and free medicine.
The government expects the draft budget to be endorsed by the parliament later in December.RABAT (Reuters) - Morocco plans to increase investment spending by 3 percent next year to bolster its economic growth and offset the slow recovery in its main European export markets, the finance minister said.
"Our aim and emphasis in the draft budget for 2011 are to spur growth and growth and more growth," Slaheddine Mezouar told a news conference late on Thursday.
The government expects the economy to expand by 5 percent next year versus an estimated 4 percent this year, he added.
"Investment spending shielded our economy from the impact of the global crisis. We spent 400 billion dirhams in the 2008-2010 period and we will keep up with this effort by raising investment to 167.3 billion next year," he said
The government planned investment spending of 162.3 billion dirhams for this year.
"These investment expenditures are not small amounts for a country like Morocco. They will allow our economy to remain resilient and reap the fruits when the world economy fully recovers," Mezouar said.
The government envisages a budget deficit of 3.5 percent next year versus a planned deficit of 4 percent this year, with inflation unchanged at 2 percent from this year's forecast.
It will invest in upgrading basic infrastructure like roads and ports and alleviate poverty in remote areas.
"Our social development priority is education, health and remote areas where we will spend 48 billion dirhams, 11 billion and 20 billion respectively," Mezouar added.
He cited spending of 4.3 billion dirhams in subsidies for poor families that encourage their children to remain at schools, with aid ranging from free school lunches to free transport and free medicine.
The government expects the draft budget to be endorsed by the parliament later in December. RABAT (Reuters) - Morocco plans to increase investment spending by 3 percent next year to bolster its economic growth and offset the slow recovery in its main European export markets, the finance minister said.
"Our aim and emphasis in the draft budget for 2011 are to spur growth and growth and more growth," Slaheddine Mezouar told a news conference late on Thursday.
The government expects the economy to expand by 5 percent next year versus an estimated 4 percent this year, he added.
"Investment spending shielded our economy from the impact of the global crisis. We spent 400 billion dirhams in the 2008-2010 period and we will keep up with this effort by raising investment to 167.3 billion next year," he said
The government planned investment spending of 162.3 billion dirhams for this year.
"These investment expenditures are not small amounts for a country like Morocco. They will allow our economy to remain resilient and reap the fruits when the world economy fully recovers," Mezouar said.
The government envisages a budget deficit of 3.5 percent next year versus a planned deficit of 4 percent this year, with inflation unchanged at 2 percent from this year's forecast.
It will invest in upgrading basic infrastructure like roads and ports and alleviate poverty in remote areas.
"Our social development priority is education, health and remote areas where we will spend 48 billion dirhams, 11 billion and 20 billion respectively," Mezouar added.
He cited spending of 4.3 billion dirhams in subsidies for poor families that encourage their children to remain at schools, with aid ranging from free school lunches to free transport and free medicine.
The government expects the draft budget to be endorsed by the parliament later in December.RABAT (Reuters) - Morocco plans to increase investment spending by 3 percent next year to bolster its economic growth and offset the slow recovery in its main European export markets, the finance minister said.
"Our aim and emphasis in the draft budget for 2011 are to spur growth and growth and more growth," Slaheddine Mezouar told a news conference late on Thursday.
The government expects the economy to expand by 5 percent next year versus an estimated 4 percent this year, he added.
"Investment spending shielded our economy from the impact of the global crisis. We spent 400 billion dirhams in the 2008-2010 period and we will keep up with this effort by raising investment to 167.3 billion next year," he said
The government planned investment spending of 162.3 billion dirhams for this year.
"These investment expenditures are not small amounts for a country like Morocco. They will allow our economy to remain resilient and reap the fruits when the world economy fully recovers," Mezouar said.
The government envisages a budget deficit of 3.5 percent next year versus a planned deficit of 4 percent this year, with inflation unchanged at 2 percent from this year's forecast.
It will invest in upgrading basic infrastructure like roads and ports and alleviate poverty in remote areas.
"Our social development priority is education, health and remote areas where we will spend 48 billion dirhams, 11 billion and 20 billion respectively," Mezouar added.
He cited spending of 4.3 billion dirhams in subsidies for poor families that encourage their children to remain at schools, with aid ranging from free school lunches to free transport and free medicine.
The government expects the draft budget to be endorsed by the parliament later in December. http://af.reuters.com/article/invest...69L04C20101022 (http://af.reuters.com/article/investingNews/idAFJOE69L04C20101022)
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"Our aim and emphasis in the draft budget for 2011 are to spur growth and growth and more growth," Slaheddine Mezouar told a news conference late on Thursday.
The government expects the economy to expand by 5 percent next year versus an estimated 4 percent this year, he added.
"Investment spending shielded our economy from the impact of the global crisis. We spent 400 billion dirhams in the 2008-2010 period and we will keep up with this effort by raising investment to 167.3 billion next year," he said
The government planned investment spending of 162.3 billion dirhams for this year.
"These investment expenditures are not small amounts for a country like Morocco. They will allow our economy to remain resilient and reap the fruits when the world economy fully recovers," Mezouar said.
The government envisages a budget deficit of 3.5 percent next year versus a planned deficit of 4 percent this year, with inflation unchanged at 2 percent from this year's forecast.
It will invest in upgrading basic infrastructure like roads and ports and alleviate poverty in remote areas.
"Our social development priority is education, health and remote areas where we will spend 48 billion dirhams, 11 billion and 20 billion respectively," Mezouar added.
He cited spending of 4.3 billion dirhams in subsidies for poor families that encourage their children to remain at schools, with aid ranging from free school lunches to free transport and free medicine.
The government expects the draft budget to be endorsed by the parliament later in December.RABAT (Reuters) - Morocco plans to increase investment spending by 3 percent next year to bolster its economic growth and offset the slow recovery in its main European export markets, the finance minister said.
"Our aim and emphasis in the draft budget for 2011 are to spur growth and growth and more growth," Slaheddine Mezouar told a news conference late on Thursday.
The government expects the economy to expand by 5 percent next year versus an estimated 4 percent this year, he added.
"Investment spending shielded our economy from the impact of the global crisis. We spent 400 billion dirhams in the 2008-2010 period and we will keep up with this effort by raising investment to 167.3 billion next year," he said
The government planned investment spending of 162.3 billion dirhams for this year.
"These investment expenditures are not small amounts for a country like Morocco. They will allow our economy to remain resilient and reap the fruits when the world economy fully recovers," Mezouar said.
The government envisages a budget deficit of 3.5 percent next year versus a planned deficit of 4 percent this year, with inflation unchanged at 2 percent from this year's forecast.
It will invest in upgrading basic infrastructure like roads and ports and alleviate poverty in remote areas.
"Our social development priority is education, health and remote areas where we will spend 48 billion dirhams, 11 billion and 20 billion respectively," Mezouar added.
He cited spending of 4.3 billion dirhams in subsidies for poor families that encourage their children to remain at schools, with aid ranging from free school lunches to free transport and free medicine.
The government expects the draft budget to be endorsed by the parliament later in December. RABAT (Reuters) - Morocco plans to increase investment spending by 3 percent next year to bolster its economic growth and offset the slow recovery in its main European export markets, the finance minister said.
"Our aim and emphasis in the draft budget for 2011 are to spur growth and growth and more growth," Slaheddine Mezouar told a news conference late on Thursday.
The government expects the economy to expand by 5 percent next year versus an estimated 4 percent this year, he added.
"Investment spending shielded our economy from the impact of the global crisis. We spent 400 billion dirhams in the 2008-2010 period and we will keep up with this effort by raising investment to 167.3 billion next year," he said
The government planned investment spending of 162.3 billion dirhams for this year.
"These investment expenditures are not small amounts for a country like Morocco. They will allow our economy to remain resilient and reap the fruits when the world economy fully recovers," Mezouar said.
The government envisages a budget deficit of 3.5 percent next year versus a planned deficit of 4 percent this year, with inflation unchanged at 2 percent from this year's forecast.
It will invest in upgrading basic infrastructure like roads and ports and alleviate poverty in remote areas.
"Our social development priority is education, health and remote areas where we will spend 48 billion dirhams, 11 billion and 20 billion respectively," Mezouar added.
He cited spending of 4.3 billion dirhams in subsidies for poor families that encourage their children to remain at schools, with aid ranging from free school lunches to free transport and free medicine.
The government expects the draft budget to be endorsed by the parliament later in December.RABAT (Reuters) - Morocco plans to increase investment spending by 3 percent next year to bolster its economic growth and offset the slow recovery in its main European export markets, the finance minister said.
"Our aim and emphasis in the draft budget for 2011 are to spur growth and growth and more growth," Slaheddine Mezouar told a news conference late on Thursday.
The government expects the economy to expand by 5 percent next year versus an estimated 4 percent this year, he added.
"Investment spending shielded our economy from the impact of the global crisis. We spent 400 billion dirhams in the 2008-2010 period and we will keep up with this effort by raising investment to 167.3 billion next year," he said
The government planned investment spending of 162.3 billion dirhams for this year.
"These investment expenditures are not small amounts for a country like Morocco. They will allow our economy to remain resilient and reap the fruits when the world economy fully recovers," Mezouar said.
The government envisages a budget deficit of 3.5 percent next year versus a planned deficit of 4 percent this year, with inflation unchanged at 2 percent from this year's forecast.
It will invest in upgrading basic infrastructure like roads and ports and alleviate poverty in remote areas.
"Our social development priority is education, health and remote areas where we will spend 48 billion dirhams, 11 billion and 20 billion respectively," Mezouar added.
He cited spending of 4.3 billion dirhams in subsidies for poor families that encourage their children to remain at schools, with aid ranging from free school lunches to free transport and free medicine.
The government expects the draft budget to be endorsed by the parliament later in December. http://af.reuters.com/article/invest...69L04C20101022 (http://af.reuters.com/article/investingNews/idAFJOE69L04C20101022)
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