Council of Ministers: New Plan to Save Companies from Bankruptcy.

Rabat- The economy and finance minister has announced a new action plan to settle debts for private and public sector companies. During Wednesday's Council of Ministers, chaired by King Mohammed VI, Minister of Economy and Finance Benchaaboun presented a general outline of the 2019 draft Finance Bill.

The bill, according to Benchaaboun, prioritizes social policies, in the fields of health, education, and employment. It aims to accelerate social dialogue, improve socio-economic integration, and sustain Morocco's ailing health and educational systems.

The bill also seeks to improve the business climate and support small and medium-sized enterprises as one of its priorities. On budgetary concerns, the budget will try to reduce the budget deficit and practice vigilant debt management.

The government plans to industrialize Morocco by increasing the industrial sector's contribution to gross domestic product, attracting foreign investment, and reducing the trade deficit. class="td_quote_box td_box_center Read Also: King Mohammed VI Reviews 2019 Finance Bill to Prioritize Education, Health The government will also...