VOL. XLIII

No. 48

27-November-2000

MOROCCO

Moroccos Lower House Of Parliament Approves State Budget For FY 2001

The lower house of Moroccos parliament, the Chamber of Representatives, approved the state budget for fiscal year 2001, according to Al-Hayat on 19 November. The state budgets expenditure is estimated at MD164.336bn ($14.66bn), while revenue is estimated at MD164.9bn ($14.71bn). The small MD564mn ($50.32mn) budget surplus is due to accrue from the projected privatization of one-third of...