Growth rate to stand at 3.2% in 2019, says Morocco’s Prime Minister

The national growth rate will stand at 3.2% and the deficit at 3% of the Gross Domestic Product (GDP) in 2019, wrote the note on the 2019 draft appropriation bill, elaborated by the Head of Government's office.

The note also provides for the continuation of the dynamics of the non-agricultural sectors, which will post a value-added growth of 3.7%, versus 3.3% in 2018, provided that the price oil barrel is 68 dollars and cereal crop reaches 70 million quintals.

According to the same source, to alleviate the expenses on the state budget, the year 2019 will be marked by the establishment of a new mechanism for financing investment projects provided for under the general budget.

Based on the institutional partnership, this mechanism will participate in the financing of infrastructure projects and the support for development projects in the various sectoral strategies with a view to turning them into a lever for attracting private investment, within the framework of the promotion of the public-private partnership, it added.