VOL. XLV

No 1

7-January-2002

MOROCCO

Morocco Upper House Of ParliamentApproves $14.4bn FY 2002 Budget

Moroccos Chamber of Advisers, theupper house of parliament, on 16 December approved the national budget for theyear 2002 with a 0.8% rise in expenditures to MD165.7bn ($14.4bn), and a 3%reduction in revenues to MD159.8bn ($13.9bn), compared to the previous year.The resultant deficit of MD5.9bn ($0.51bn) is, however, 7.8% lower than theprevious years budgeted one of MD6.4bn ($0.56bn MEES, 27...