Morocco Maintains Food Subsidies Despite Budget Cuts in 2021
25 October 2020
In 2021, basic food products will continue to be subsidized, even if a 10% drop is expected this year in the Kingdom.
Budget
Morocco Unveils $25 Billion Public Investment Plan for 2021
21 October 2020
The Moroccan government has planned 230 billion dirhams for public investment in 2021. Several sectors are concerned.
Morocco Slashes Budget as Pandemic Strains Economy
22 August 2020
The Moroccan economy is doing poorly. The Covid-19 pandemic has impacted all sectors, forcing the state to scale back its ambitions. This is what the Head of Government is (…)
Moroccan Local Authorities Report 3.7 Billion Dirham Budget Surplus Amid Revenue Declines
14 August 2020
The execution of the budgets of local authorities shows a surplus of 3.7 billion dirhams (MMDH) in the first half of 2020 compared to 6.3 MMDH in the same period in 2019. The (…)
Morocco’s Central Bank Proposes Deficit Increase to Stimulate Economic Growth
10 July 2020
The economic recovery would involve accelerating the budget deficit. This is at least what Bank Al-Maghrib (BAM) seems to be proposing through the implementation of measures (…)
Morocco Announces Public Sector Hiring Freeze Amid 3-Year Austerity Plan
5 July 2020
Except for the ministries of the Interior, Education, and Health, no other department is allowed to create budgetary positions in 2021. In conveying this information to the (…)
Morocco Reports 6.3 Billion Dirham Budget Surplus in March, Reversing Previous Deficit
15 April 2020
The situation of Treasury charges and resources shows a budget surplus of 6.3 billion dirhams at the end of March 2020, compared to a budget deficit of 4.5 billion dirhams last (…)
Morocco to Trim Budget Despite Economic Challenges, Finance Minister Says
10 April 2020
The Minister of Finance reiterated the government’s commitment to review spending, despite the unforeseen events. This emerges from the intervention of the Minister of Economy, (…)
Morocco to Slash Budget and Lift Borrowing Limits Amid Coronavirus Crisis
6 April 2020
Faced with the coronavirus pandemic that is hitting Morocco hard, the Council of Government will meet on Monday, April 6, 2020 in Rabat to adopt budget cuts.
Morocco Unveils Austerity Measures and Foreign Borrowing to Combat COVID-19 Economic Impact
5 April 2020
To cope with the economic consequences of COVID-19, the Moroccan state will cut spending and borrow in foreign currency.