Luqjae announces new financial policies

Fouzi Lekjaa, Minister of Economy and Finance, announced a set of fiscal and social measures that the government will begin implementing gradually starting in 2027. These measures include reducing income tax by exempting workers earning less than 10,000 dirhams per month from taxation, reviewing the minimum pension threshold from 1,000 to 1,700 dirhams, and enhancing pensions for widows by increasing their pension rates from 50 to 100 percent. The reforms aim to improve living conditions for workers and retirees. The total cost is approximately 10 billion dirhams, with expectations of increasing the number of beneficiaries and providing monthly gains of around 500 dirhams for the lowest wages, and over 3,000 dirhams for higher salaries, by the end of the government’s term.