Rabat – Morocco’s 2027 Finance Bill plans to allocate 1.284 billion MAD ($131.66 million) to the cultural sector. The budget will support the restoration of historic sites, the development of the film industry and the construction of new museums in several Moroccan cities.
According to SNRT News, the government has allocated 643.17 million MAD ($65.95 million) for investment projects, 278.15 million MAD ($28.52 million) for cultural heritage, 158.96 million MAD ($16.30 million) for books and public libraries, and 41.38 million MAD ($4.24 million) for the arts.
The film industry will receive a major investment, with 240 million MAD ($24.61 million) set aside to build a film production city in Ouarzazate.
The Ministry of Communication will also contribute 60 million MAD ($6.15 million) to help fund the project. The Moroccan capital, Rabat, will receive 100 million ($10.25 million) for the construction of the National Museum of Archaeology and Earth Sciences. The project aims to add a new cultural and scientific space to the city.
The 2027 Finance Bill also includes funding for the restoration and development of historic sites across Morocco. Rabat will receive 72 million MAD ($7.38 million) for projects involving its historic walls, urban areas, and cultural heritage.
In Marrakech, funding will go towards restoring Jemaa el-Fnaa Square. The plans also include 20 million MAD ($2.05 million) to restore the old medina and historic walls of Taza, and another 20 million MAD ($2.05 million) for urban development in Taroudant. The government has set aside 12 million MAD ($1.23 million) to improve and promote Camel Cave in Zegzel.
About the 2027 Finance Bill
The Finance Bill is the government’s annual budget proposal. It sets out how much money the government expects to collect and how it plans to spend public funds during the year. Under Article 75 of Morocco’s Constitution, the government submits the bill to the House of Representatives first. Parliament then debates and votes on it before it becomes law.
The 2027 Finance Bill is the first budget proposal under the new government and parliamentary term. It covers several economic and social priorities, including support for purchasing power, social protection, youth employment, education, and investment.
It also includes tax reforms, support for businesses, and major projects in infrastructure, water, energy, and industry.
Morocco’s 2027 Finance Bill allocates 19.4 billion MAD ($1.99 billion) to the Compensation Fund to support the prices of cooking gas, sugar, and flour.
The bill also includes changes to income tax and an increase in direct social assistance. It proposes new measures for youth employment as well, including a national registration platform for young people aged 18 to 29 who are not in education, training or employment.