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Fiscal policies to fostering private enterprises in morocco

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Frame of Image  a Creati ve Economy I V . S ome Pol i cy D i recti ons i n M orocco
I . M orocco At a G l ance
□ The 39 most populous, the 40 largest Country ◦ exceeding 33.8 million people ◦ Land area covering 710,850 ㎢ (446,550 ㎢, the 57
th th
1. Curren t S tatus
th
largest excluding Western Sahara)
­
Adjacent to both Atlantic Ocean and Mediterranean Sea
□ Trying to continue making Morocco a regional hub to take advantage of FTA, improving the
business climate and encouraging private investment
◦ Ongoing
efforts to strengthen the macroeconomic base through structural reforms and sectoral strategies resulted in 2.7% growth in 2014, despite a poor harvest and low external demand
-1-
◦ In 2014, internal and external balances improved
­
the budget deficit shrinking to 4.9% of GDP and the current account deficit to 6% of GDP
<Table 1> Macroeconomic Indicators
(unit: %)
2013 Real GDP growth Real GDP per capita growth CPI inflation Budget balance % GDP Current account balance % GDP 4.7 3.2 1.9 -5.5 -7.3
2014(e) 2.7 1.3 0.9 -4.9 -6
2015(p) 4.5 3.1 1.2 -4.2 -6.1
2016(p) 5 3.7 1.4 -3.8 -5.6
Source: African Economic Outlook website(http://www.africaneconomicoutlook.org/en/country-notes/north-africa/morocco/ ) ; estimates (e) and projections (p) based on authors’ calculations.
□ Growth prospects for 2015 and 2016 are a healthy 4.5% and 5%, with further reduction of the
budget deficit.
-2-
□ Need More Industrialization? ◦ Industry share remains almost still since 2009
­
2. S ome Chal l enges
For Korea


Full Text
Title Fiscal policies to fostering private enterprises in morocco
Similar Titles
Material Type Proceedings
Author(English)

Kim, Hagsoo

Publisher

[세종]:KDI School

Date 2015-11
Pages 28
Language English
File Type Documents
Original Format pdf
Subject Official Aid
Holding KDI School
Project Term 2015-11-01 ~ 2015-11-14