Draft Finance Bill: « Historically Important » Investment Effort (CDG Capital Insight)

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.