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Morocco : «Solidarity contribution» to be limited to companies with net profit exceeding 5 mln MAD

(with MAP)
DR
Estimated read time: 2'

The solidarity contribution will be limited to companies with net profit exceeding 5 million dirhams, announced, on Monday in Rabat, Minister of Economy, Finance and Administration Reform Mohamed Benchaaboun.

The feeling of solidarity reinforced during the health crisis linked to Covid-19, will be fostered through the adoption of a solidarity contribution on profit and income, said Benchaâboun during his presentation on the 2021 appropriation bill at the two houses of Parliament, noting that this participation will be limited to individuals with annual net salary of 120,000 dirhams, or 10,000 dirhams per month, and companies with profit exceeding 5 million dirhams.

It is expected that this participation will make it possible to collect 5 billion dirhams for the Social Cohesion Support Fund, he stressed, noting that the fund's attributions will be broadened to include organizations of social welfare, and it will bear the name of Support Fund for Social Welfare and Cohesion.

On another topic, the Minister stressed that the launch of the generalization of compulsory health coverage, starting January 1, 2021, is a first phase within the framework of the large-scale societal reform linked to the generalization of social coverage launched by King Mohammed VI during the Throne Speech.

The generalization of compulsory medical coverage will be carried out through the acceleration of the adoption of amendments relating to the legislative and regulatory framework, which will help establish a compulsory health insurance (AMO) for the benefit of precarious categories which currently benefit from the RAMED scheme, and speed up the generalization of coverage for the benefit of the self-employed people.

He recalled, on this occasion, that the project of this reform will span two years, and will require nearly 14 billion dirhams, including 9 billion dirhams financed by the State. A total of 4.2 billion MAD will be mobilized for the year 2021.

The implementation of the provisions of the framework law relating to the system of education, training and scientific research will continue, through the gradual generalization of preschool education, the strengthening of social support for pupils and students, the development of school and university offer, as well as the implementation of the new roadmap for the development of vocational training and the promotion of scientific research.

Thus, an additional budget of 4 billion MAD will be allocated to the education sector, he said, noting that 23,500 jobs will be reserved for the education and health sectors, that is an increase of 3,500 jobs per year compared to 2020.

In addition, measures will be undertaken to support the 3rd phase of the National Initiative for Human Development (INDH) to make up for shortcomings in basic infrastructure and services, support people in precarious situations, improve income, facilitate the economic inclusion of young people and boost the human capital, concluded Benchaâboun.

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