- 15:20Morocco Advocates for Digital Equity at Global AI Conference, Highlighting Africa's Tech Gap
- 15:00King Charles and Queen Camilla Conclude Australian Tour with Enthusiastic Public Engagements
- 14:40Pizza with a Dangerous Twist: Düsseldorf Restaurant's Secret Menu Item Leads to Drug Bust
- 14:25Political Tensions Rise: Lahcen Haddad Urges easyJet to Correct Morocco's Map or Face Consequences
- 14:00Social Media and Youth Mental Health: New Research Challenges Popular Assumptions
- 13:30Nokia Unveils Groundbreaking Research and Innovation Center in Morocco
- 13:20American Cleantech Fund Lowercarbon Makes Strategic Push into French Startup Ecosystem
- 13:00India and China Forge Agreement to Ease Border Tensions
- 12:40Diamonds in the sky: A $200 trillion proposal to cool the climate
Follow us on Facebook
Morocco's Ambitious Social Protection Initiative to Cost $3 Billion by 2025
Budget Planning Prioritizes Sustaining Project Momentum, Says Minister Fouzi Lekjaa.
Morocco’s extensive social protection initiative is expected to require a substantial investment of MAD 29 billion ($3 billion) by 2025, as announced by Fouzi Lekjaa, Minister Delegate for the Budget.
In an address delivered on Tuesday in Rabat, Lekjaa outlined the financial trajectory and future prospects of the project, which is set to significantly reform the nation’s social welfare system.
During a session in the Chamber of Counselors, Lekjaa revealed that since the project's launch, a total of MAD 17.45 billion ($1.7 billion) has already been allocated. Notably, in July alone, MAD 2.04 billion ($200 million) were distributed, impacting 3.8 million families.
The social protection initiative, inaugurated by King Mohammed VI, was characterized by Lekjaa as a transformative effort. He commended the government for adhering to the stringent timeline established by the framework law guiding the initiative.
“Maintaining the project’s momentum is a top priority in budget planning,” Lekjaa stated, emphasizing the critical need for sustained financial commitment.
Framework Law No. 09-21, which governs the initiative, delineates essential principles for financing, including a thorough review of the more than 90 existing social programs, which currently incur significant costs.
To ensure the project's longevity, Lekjaa highlighted several strategic measures, such as the introduction of a social solidarity contribution and revenue from one-time contributions.
He argued that revising social programs and ensuring stable funding through these contributions are vital for the successful continuation of the social protection initiative.
Morocco’s plan to broaden social protection has received international acclaim. Recently, the United Nations praised the country for its efforts to enhance and expand its social welfare system.
“Morocco's endeavors to broaden the scope, adequacy, and inclusiveness of its social protection deserve commendation from all quarters,” remarked Li Junhua, Deputy Secretary-General for Economic and Social Affairs of the UN.
The commitment and strategic planning demonstrated by the Moroccan government underscore the importance of this initiative, which aims to provide comprehensive social protection to millions of citizens. As the project progresses, the eyes of the international community remain fixed on Morocco's ambitious path towards a more inclusive and equitable social welfare system.