Parliamentary opposition representatives, on the occasion of the debate, which began last week on the draft finance law for the year 2024, called for the necessity of ending the informal sector, given that the state budget loses important resources annually due to this sector, which threatens the economic growth of the Kingdom.
The majority and opposition parliamentary teams unanimously agreed that 90 billion dirhams is the amount of money lost from the state treasury due to the informal sector, amounting to approximately 30 percent of the gross domestic product.
It was emphasized from the beginning of the discussion of this project that the informal sector must play an important role in the Kingdom to revive the national economy.
In this regard, a number of economic experts considered, in their recent reports, that the informal sector enables large segments of Moroccans to find a source of livelihood and escape unemployment, but at the same time it deepens fragility in the labor market, and negatively affects enterprises as well as the economy. National in general.
The same sources confirmed that the self-contractor program would motivate a number of people to join the formal sector, while allocating to them a small percentage of taxes that must be exceeded in order to encourage them.
On the occasion of the draft Finance Law 2024, a number of experts highlighted that social protection workshops are among the factors that may end the informal sector, and motivate people to declare their activity, in order to benefit from compulsory sickness insurance, retirement, children’s compensation, and other benefits.