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Morocco eyes privatization to fill its budget deficit

The 2019 finance bill shows a return of the privatization process in Morocco as a step in the direction of opening up the economy, but economists believe this is the ultimate proof of a failing fiscal policy.
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CASABLANCA, Morocco — Following a heated plenary session Nov. 16 in the Moroccan House of Representatives, the 2019 finance bill passed 189-83 in a vote marked by the absence of several ministers of government.

On Nov. 6, two days ahead of the Government Council meeting, the Moroccan government had not yet defined the public entities and enterprises concerned by the privatization program set out in the 2019 finance bill. When contacted by Al-Monitor, Moulay Hafid Elalamy, minister of industry, trade, investment and economy, was unable to provide further information.

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