These assumptions relating to the growth rate, the cereal harvest and the price of butane gas, take into account the international context and the latest forecasts of international institutions such as the International Monetary Fund, the World Bank and rating agencies on economic growth in 2022, said Fettah Alaoui who was answering questions from groups and parliamentary groupings during the general discussion of the PLF 2022 at the House of Advisors.

The PLF assumes a growth rate of 3.2% in 2022, which corresponds to pre-pandemic growth levels, explained the minister, noting that the economic crisis induced by Covid-19 will be followed by a period of recovery in parallel with the recovery of the productive fabric activity.

The implementation of the new development model, reforms and structural projects planned in the government program will also contribute to strengthening the productive fabric, which will achieve a new level of growth, 4% in the short term, said the minister.

The assumption of a cereal harvest of about 80 million quintals is also based on realistic data, which essentially reflect the significant efforts made in the agricultural strategy to increase production of agricultural sectors, added Fettah Alaoui.

Regarding butane gas, the minister stressed that to determine the credits allocated to the costs of compensation, his department relies on forecasts made by several global financial institutions in economic analysis, as well as trends observed in regional markets for butane gas.

She explained that in case of an exorbitant rise in the price of butane gas on the world market, the government can use financial derivatives to hedge against the risks associated with price fluctuations.