Study: Over Half of Moroccan Families Skip Summer Vacations Due to Rising Costs
25 July 2024
A little more than half of Moroccan families do not plan to go on vacation this summer. For the others, a large majority plan to stay in Morocco.
Budget
Morocco Struggles to Recover $80 Billion in Drug Trafficking Fines
8 July 2024
Fouzi Lekjaa, the Delegate Minister in charge of the Budget, said on Friday that the amount of fines for drug trafficking and other offenses, pending recovery by the customs (…)
Morocco Boosts Defense Budget to $12.4 Billion, Plans Major Military Expansion
25 October 2023
The budget of the Moroccan Ministry of National Defense is expected to reach 124.7 billion dirhams next year, according to the 2024 Finance Bill (PLF). A budget up about 5 (…)
Morocco Extends Subsidies on Essential Goods, Easing Cost of Living Pressures
23 October 2023
The Moroccan government has decided to maintain subsidies for butane gas, sugar and flour for the 2024 fiscal year, the budget for which is estimated at 16.36 billion dirhams (…)
Morocco Boosts Defense Spending to $12.1 Billion in 2024 Budget
21 October 2023
Morocco will allocate nearly $12.1 billion to the Ministry of Defense in 2024. This amount will be used, among other things, for the acquisition of weapons and military equipment.
Morocco Delays Subsidy Reform Amid Global Price Uncertainties
15 October 2023
The Delegate Minister in charge of the Budget, Fouzi Lekjaa, announced on Friday the suspension in 2024 by the government of the reform of the compensation due to geopolitical (…)
Morocco’s 2030 World Cup Co-Hosting Costs Estimated at $5.2 Billion
7 October 2023
According to Sogécapital Gestion, a subsidiary of the Société Générale Maroc group, the co-organization of the 2030 football World Cup by Morocco should cost it nearly 52 (…)
Morocco Boosts Military Spending by 32% in Bid for Regional Dominance, SIPRI Report Shows
25 April 2023
Morocco has increased its military budget by about 32% over the past five years, from $3.70 billion in 2018 to $5 billion in 2022. This is revealed in a recent report by the (…)
Morocco’s Royal Palace Budget: 2.8 Billion Dirhams Seen as Justified by Citizens
27 October 2022
The budget allocated to the royal palace, around 2.8 billion dirhams, does not seem high and is "deserved," according to the vast majority of Moroccans.
Moroccan Civil Service Salaries Rise 15% Over Past Decade, Government Report Shows
24 October 2022
Between 2012 and 2022, the average salary in the Moroccan civil service increased by 15.1%, according to the Ministry of Economy and Finance.