Deficit

Morocco’s Trade Deficit Widens 2.3% as Imports Outpace Export Growth

8 January 2020

Trade in goods was marked by an increase in the trade deficit to more than -191.81 billion dirhams (MMDH) at the end of November 2019, compared to -187.44 MMDH a year earlier, (…)

Morocco’s Talent Crunch: Skills Shortage Threatens Business Growth

21 December 2019

Moroccan companies are facing a lack of qualified personnel, particularly in key sectors.

Swiss Chemical Giant Clariant Exits Morocco After Decades, Citing Heavy Losses

4 December 2019

The Swiss company Clariant has ended decades of industrial presence in Morocco. The company is currently working to settle the accounts of its heavily loss-making Moroccan (…)

Morocco’s 2M TV Channel Faces Financial Crisis Amid Management Woes

27 November 2019

The 2nd national television channel has accumulated a financial deficit estimated at 750 million dirhams. Deprived of the right to broadcast on the Nilesat satellite, the (…)

Morocco’s Budget Deficit Widens to 39 Billion Dirhams in October 2019

14 November 2019

The budget deficit stood at 39 billion dirhams (MMDH) at the end of October 2019 compared to 33.4 MMDH during the same period in 2018. The General Treasury of the Kingdom (TGR) (…)

Morocco’s Trade Deficit Widens 2.6% as Consumer Goods Imports Rise

6 November 2019

Morocco’s trade deficit stood at 154.46 billion dirhams (MMDH) at the end of September 2019, compared to 150.83 MMDH in 2018, an increase of 2.6%, according to the Office of (…)

Morocco Unveils Tax Amnesty Plan to Boost Economy and Repatriate Foreign Funds

21 October 2019

As part of the 2020 Finance Bill, a new provision proposed by the Government provides for an amnesty for holders of funds abroad. This measure will allow a GDP growth rate of (…)

Moroccan Dirham Strengthens Against Euro, Weakens vs Dollar in September

18 October 2019

For the month of September just passed, the dirham appreciated by 0.06% against the euro and depreciated by 0.92% against the US dollar. This is according to Bank Al Maghrib (BAM).

Consumer Prices Drop in Northern Morocco Cities, HCP Report Shows

17 October 2019

The Regional Directorate of the High Commission for Planning (HCP) of Tangier-Tetouan-Al Hoceima has published a report showing that the Consumer Price Index (CPI) fell by 0.2% (…)

Morocco’s Budget Deficit Soars to 32.3 Billion Dirhams in September 2019

15 October 2019

The budget deficit recorded a sharp increase at the end of September 2019, reaching 32.3 billion DH against 26.3 billion in 2018, according to data from the Treasury General of (…)