The OBL adopted in 2015 is strengthening Morocco’s fiscal framework
considerably. Most of its provisions entered into force in January 2016, including those
pertaining to fiscal performance management and transparency, and parliamentary oversight
and approval. The remaining provisions, including for triennial budget and programming,
making ceilings on wage expenditure appropriations binding, and limiting the carryover of
investment appropriations will be gradually introduced by 2020. Staff enquired about measures
to address potential risks related to public enterprises (for which specific provisions are missing
from the OBL), and the authorities indicated that the government would introduce a bill to
reinforce the governance and oversight of public enterprises.