This effort is part of the recovery strategy through investment, accelerated by the Kingdom following the outbreak of the Covid-19 crisis, explains CDG Capital Insight in an analysis note entitled “PLF-2023: a difficult exercise and surrounded by uncertainty.”
Compared to the level of wealth created by the country estimated by the gross domestic product (GDP), the share of public investment, in the broad sense, should reach a historically high level of 20.8% of GDP against only 15.8% in 2019 and 2020, notes the same source.
This momentum should favorably impact the overall level of investment in the Kingdom and create a growth dynamic through a stimulation of public order, according to CDG Capital Insight, which believes that this particular dynamic results mainly from a significant rebound in investments of Public Establishments and Enterprises (EEP), which rose to 140.5 billion dirhams against 92 billion dirhams, an increase of 53% year-on-year.
Source: Agency Morocaine De Presse