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The press review of Wednesday, December 29, H24info

Electricity consumption is staying the course, Conjuncture: Omicron increases the doubt of the bosses, the Customs administration breathes a new dynamic, trade and commercial services are recovering, big winners of tax exemptions, tourism: The ODT calls to an institutional social dialogue, health: A memorandum of understanding to promote the local manufacture of medical devices, Morocco has proven its ability to defend its interests free from any escalation, OMPIC: 124,514 negative certificates issued at the end of November, Al Hoceima region: The disability prevalence rate at 5.1% in 2014, cold snap: All the necessary proactive measures have been taken (Minister of Health), DGSN in 2021: exceptional financial aid for the benefit of 85 officials police officers and their dependents suffering from serious illnesses …, here are the main headlines of the national press published on Wednesday, December 29, 2021:

The Economist

Electricity consumption stays the course

National electricity demand reached 37.13 terawatt-hours (TWh) at the end of November, increasing 6.1% compared to 2020, according to statistics from the National Office for Water and Electricity (ONEE ). A catching-up effect compared to a year 2020 marked by the drop in consumption but not only since the increase could even exceed what was achieved in 2019. In any case, 2021 could end with an increase of 6.8%. Most sectors are supporting the recovery in electricity consumption, especially industry. The demand for electricity in this sector increased by 11.2%.

Conjuncture: Omicron increases the doubt of the bosses

While the decline in coronavirus contamination and the performance of the economy (6.7% growth expected in 2021) are giving rise to renewed optimism about the future, the emergence of the omicron variant and its rapid spread around the world break the mood. After a clear improvement in the business climate in the non-financial market services sector in the 3rd quarter, 3/4 of executives anticipate an increase or stability in overall activity in the 4th quarter, according to the HCP economic survey. On the other hand, the outlook is dim for companies operating in the tourism industry. The sector is one of the big losers in the return of health restriction measures.

Morocco today

The Customs and Indirect Taxes Administration (ADII) breathes new life into its customer relationship management model

Customs announces in this regard the provision of professional groups and economic operators of “Client advisers”. The latter will be responsible for supporting and advising them in a personalized and permanent manner. “This new organization aims to further consolidate the proximity approach decided by the ADII with regard to professional associations and economic operators, by boosting the system already in place and by personalizing the Council and assistance by sector. ‘activity’, can we read in a circular from the ADII.

Trade and market services are recovering

Positive expectations have been expressed by business leaders in the non-financial market services sector. Professionals expect, for the 4th quarter of the year, an increase in overall activity. A testimony noted in the context of the quarterly economic surveys of the High Commission for Planning (HCP). At a time when 42% of respondents predict a recovery in activity in the said sector, 34% expect stability.

Opinion

Big winners from tax exemptions

Weakening of industrial added value, imbalance in the nature of the real estate offer and its geographical distribution, creation of tax loopholes, lack of impact on investment and job creation, these are essentially some “perverse” effects, noted by an Oxfam report called “Tax exemption, the great shortfall: Agriculture, Real estate, Private education”. Tax gifts that represent a shortfall of nearly 29 billion dirhams for the state coffers, divided between 302 tax exemptions, i.e. double the budget allocated to Education and Health. A situation which represents a major budgetary stake for the Kingdom and whose debate to limit their extent dates back more than two decades.


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