Developed in consultation with the ministerial departments concerned, the legislation aims to define the terms of application of Article 7 which stipulates that in order to benefit from the direct subsidies granted by the State, the beneficiaries must have met their obligations in terms of taxes, duties and fees payable under the General Tax Code, said the Minister Delegate for Relations with Parliament, Government Spokesperson, Mustapha Baitas, at a press briefing following the weekly Cabinet meeting.
This draft decree, introduced by the Minister Delegate to the Minister of Economy and Finance, in charge of the Budget, Fouzi Lekjaa, also aims to establish a mechanism for consolidating the principles of financial governance.
The provisions of this draft decree determine the nature of direct state subsidies for investment and the individuals and entities covered and not covered by these subsidies, Baitas said.
Source: Agency Morocaine De Presse