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Tax Revenues to Increase by MAD 25.1 Bln by End of June 2025
Tax Revenues to Increase by MAD 25.1 Bln by End of June 2025

Maroc

time40 minutes ago

  • Business
  • Maroc

Tax Revenues to Increase by MAD 25.1 Bln by End of June 2025

Morocco's tax revenues increased by MAD 25.1 billion by the end of June 2025, a 16.6% rise compared to the same period in 2024, Minister Delegate for the Budget Fouzi Lekjaa announced on Monday before the House of Representatives. Responding to a question on 'evaluating the effects of tax reform measures on public finances,' Lekjaa stated that corporate tax (IS) revenues reached MAD 13.1 billion, while personal income tax (IR) and value added tax (VAT) revenues rose by 6.7% and 3.1%, respectively. The minister attributed the impact of the tax reform to a broader tax base and stronger efforts to combat fraud and tax evasion. He stressed that the aim is to create a fairer and less burdensome tax system for all citizens, noting that such reforms must be implemented progressively. Lekjaa added that the government expects to close 2025 with a budget deficit of around 3.5% and a debt to GDP ratio below 67% with the goal of reducing the deficit to 3% and the debt ratio to below 66%, "to ensure the sustainability of public finances and avoid compromising future generations". He emphasized that the tax reform, described as one of the most significant changes in Morocco's public finance sector in recent decades, had already raised an additional MAD 102 billion in tax revenue by the end of 2024. These funds, he noted, have helped support social reforms, wage increases, and other socially focused initiatives. MAP: 15 July 2025

Morocco, Jordan Discuss Closer Parliamentary Cooperation
Morocco, Jordan Discuss Closer Parliamentary Cooperation

Maroc

time40 minutes ago

  • Business
  • Maroc

Morocco, Jordan Discuss Closer Parliamentary Cooperation

Mohamed Sabbari, First Deputy-Speaker of Morocco's House of Representatives, met on Monday in Rabat with a delegation from the Jordanian House of Representatives, led by Nimer Abdul Hamid Abdullah Al-Fuqaha Al-Abbad, Chairman of the Finance Committee. The visit forms part of a cooperation program between the Jordanian Parliament and the Westminster Foundation for Democracy, aimed at strengthening parliamentary practices, particularly in financial oversight. Sabbari emphasized the strong ties between Morocco and Jordan, under the leadership of HM King Mohammed VI and HM King Abdullah II, and reiterated Morocco's commitment to enhancing bilateral cooperation at the legislative level, according to a press release from the Moroccan Parliament. He underscored the importance of deepening exchanges between parliamentary committees and reinforcing the work of the Morocco-Jordan Parliamentary Friendship Group. He also praised Jordan's consistent support for Morocco's territorial integrity and the autonomy plan proposed by Rabat to resolve the dispute over the Moroccan Sahara. For his part, Al-Fuqaha said the visit offers an opportunity to learn from Morocco's experience in parliamentary financial oversight and voiced Jordan's interest in fostering closer institutional ties between committees and friendship groups from both parliaments. The Jordanian delegation's visit is aimed at expanding collaboration and aligning parliamentary practices in line with the aspirations of both heads of state and the interests of the two nations' peoples, the same source added. MAP: 14 July 2025

Morocco Prepares for 2030 FIFA World Cup with New National Sports Foundation
Morocco Prepares for 2030 FIFA World Cup with New National Sports Foundation

Morocco World

timean hour ago

  • Business
  • Morocco World

Morocco Prepares for 2030 FIFA World Cup with New National Sports Foundation

Morocco's House of Representatives passed a new bill on Tuesday to establish the 'Fondation Maroc 2030', a national body dedicated to overseeing preparations for the 2030 FIFA World Cup and other major international sporting events. The bill, adopted with 112 votes in favor and only one against, received no abstentions. Minister Delegate in charge of the Budget, Faouzi Lekjaa, presented the bill as part of Morocco's broader vision to meet the Royal Directives that call for well-structured planning ahead of the tournaments. He described the moment FIFA officially confirmed Morocco as a host country for the 2030 World Cup as a turning point. For Lekjaa, it confirmed the trust of the international community in Morocco's ability to deliver at a global level. But the foundation's purpose goes beyond football. Lekjaa spoke of an opportunity to support national development, expand infrastructure, strengthen Morocco's economic position, and create jobs, especially for young people. He noted that global events of this scale give Morocco a chance to deepen its appeal as a tourist destination and elevate its international profile. 'The Fondation Maroc 2030' will bring together different sectors and institutions under one unified structure. Its role will involve organizing and coordinating football tournaments such as the Africa Cup of Nations (AFCON) and the World Cup, while working alongside government agencies and local authorities. The foundation will also support host cities and regions, follow up on national commitments, and help present Morocco as a capable host for major events. The structure of the foundation includes a president, who also heads the World Cup 2030 Committee, and an executive council drawn from government departments. Lekjaa also detailed the creation of a consultative council composed of representatives from the private sector, civil society, and Moroccans living abroad. This council will offer recommendations to strengthen national engagement. A separate committee led by the Minister of the Interior will handle coordination across territories. Day-to-day management will be entrusted to a director general responsible for applying decisions made by the executive council. Lekjaa described the new foundation as a strategic mechanism rather than a bureaucratic one. It reflects a national effort rooted in participation and wide consultation. Tags: 2030 FIFA World CupFIFAFIFA World CupMoroccosports

House unanimously votes to memorialize Texas girl allegedly slain by illegal immigrants
House unanimously votes to memorialize Texas girl allegedly slain by illegal immigrants

Yahoo

timean hour ago

  • Politics
  • Yahoo

House unanimously votes to memorialize Texas girl allegedly slain by illegal immigrants

The House of Representatives unanimously voted to memorialize a Texas girl who was slain last year. Two illegal immigrants were charged with her killing. The bill renames the Anahuac National Wildlife Refuge in Texas as the "Jocelyn Nungaray National Wildlife Refuge" in honor of the late 12-year-old. The vote was 372 – 0, with 59 lawmakers not voting. Comer Dismisses Biden Doctor's Bid For Pause In Cover-up Probe: 'Throwing Out Every Excuse' It's not uncommon for members of Congress to miss uncontroversial votes if they have other matters at hand. In this case, the bill to remember Nungaray was virtually guaranteed to overwhelmingly pass. The bill was originally led in the Senate earlier this year by Texas Republican Sens. John Cornyn and Ted Cruz. Read On The Fox News App A ceremony to rename the preserve was initially held in April, but the legislation's Monday evening passage makes it permanent. 148 Democrats Back Noncitizen Voting In Dc As Gop Raises Alarm About Foreign Agents Now, it's expected to go to President Donald Trump, whose signature on the legislation will make the renaming official. Nungaray was sexually assaulted and killed in North Houston, Texas, in June 2024, and found with her hands and ankles bound in a bayou. Venezuelan nationals Franklin Jose Pena Ramos, 26, and Johan Jose Rangel Martinez, 21, are charged with her murder. At the time, her killing put a spotlight on the worsening border crisis in the U.S., which Republicans blamed on the former Biden administration's lax border enforcement. Nungaray's case was one of multiple high-profile killings involving accused illegal immigrants last article source: House unanimously votes to memorialize Texas girl allegedly slain by illegal immigrants

Trump's Favored Pollster Advises Republicans to Adopt Obamacare Policy
Trump's Favored Pollster Advises Republicans to Adopt Obamacare Policy

Newsweek

time2 hours ago

  • Health
  • Newsweek

Trump's Favored Pollster Advises Republicans to Adopt Obamacare Policy

Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. The GOP pollster used by President Donald Trump during some of his presidential campaigns found that swing-district Republicans can boost their standing ahead of the midterms by supporting a key measure of the Affordable Care Act (ACA), also known as Obamacare. Why It Matters Republicans are hoping to thwart losses in the 2026 midterm elections as President Donald Trump's approval rating has taken hits in recent public opinion surveys. Historically, the party in the White House suffers losses during their first midterm. During Trump's first midterm in 2018 for instance, Democrats picked up 41 seats in the House of Representatives. Healthcare is likely to be a major issue ahead of the midterms, especially following Medicaid cuts in Trump's "One Big Beautiful Bill Act." A new survey from Trump pollsters Tony Fabrizio and Bob Ward found that Republicans in the most vulnerable districts may be able to build support among voters by adopting the premium tax credit, one part of the ACA, which has been generally opposed by Republicans since its inception in 2010. What to Know The poll asked voters in 28 swing districts, which were evenly divided in 2024, whether they would support a generic Democrat or Republican, and found Democrats up by three. Among highly motivated voters, Democrats were up seven. But it found that supporting the extension of the premium tax credit, set to expire at the end of 2025, is one way Republicans could win back support. The tax credit allows lower-income Americans to purchase healthcare in the ACA marketplaces and obtain healthcare coverage. "Republicans can position themselves ahead of Democrats in these districts by extending the premium tax credit and using the individual market as a landing spot for working age adults on Medicaid," the poll report, first reported by Politico, reads. Health care activists rally in Washington, D.C. on September 26, 2017. Health care activists rally in Washington, D.C. on September 26, found that Republican candidates who support that policy would lead Democrats by six points overall and by four points among the most motivated voters. Seventy-nine percent of respondents, including 68 percent of those who voted for Trump, supported tax credits "that make it more affordable for working families and individuals to purchase health insurance directly through or state exchanges," the poll found. The poll, notably, did not use the terms "Affordable Care Act" or "Obamacare" in its questioning. If the tax credit is not extended, Republicans could pay a price, the poll found, as the three-point deficit would expand to a 15-point deficit. Republicans can also "benefit" by using the tax credit as a "landing spot for working aged Medicaid enrollees.". The poll surveyed 1,000 registered voters from June 7 to July 10, 2025, and had a margin of error of plus or minus 3.1 percentage points. Congressional Republicans have opposed the ACA and sought to repeal it during Trump's first term, but those efforts were blocked by GOP Senators Susan Collins, Lisa Murkowski and John McCain. Fabrizio worked as Trump's 2024 pollster and has previously issued warnings to the GOP about voter concerns around the economy and healthcare. Newsweek reached out to Fabrizio Ward for comment via the firm's contact form. What People Are Saying The poll report noted: "Unlike recent changes to Medicaid which do not go into effect until after the midterm elections, voters on the individual insurance marketplace, who voted for Trump by 4-points, will begin getting notices of significant premium hikes this fall. The incentive is to act on extending the tax credit soon." A Peterson-KFF report from June said: "The enhanced premium tax credits are now set to expire at the end of 2025. Unless the premium tax credits are extended, consumers can expect increases in both the net premium payments and gross premiums." What Happens Next Whether or not the GOP-controlled Congress will vote to extend the tax credits remains unclear at this point. Republicans in these key districts are already facing criticisms from Democrats over healthcare ahead of the midterms.

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