Deficit

Morocco’s Economy Projected to Grow 2.9% in 2019, Minister Reports

10 October 2019

Morocco’s economic growth should reach 2.9% in 2019 according to the Minister of Economy. Mohamed Benchaâboun presented his projections during the Cabinet meeting, which (…)

Morocco Reports 21.8 Billion Dirham Budget Deficit in First Half of 2019

9 October 2019

The Ministry of Economy and Finance has published its semi-annual report on the execution of the Finance Act and notes a budget deficit of 21.8 billion dirhams. This situation (…)

Morocco’s Public External Debt Rises to 337.8 Billion Dirhams, Euro Dominates Currency Mix

2 October 2019

At the end of the first half of 2019, the outstanding public external debt increased by 11.2 billion dirhams and stood at 337.8 billion dirhams compared to the end of 2018, (…)

Morocco’s Car Rental Industry Slumps Despite Tourism Boom

27 September 2019

The turnover of car rental companies did not share the same fate as the tourism sector. Even though tourist arrivals increased during the last summer season, vacationers did (…)

Morocco Sees Alarming 12.5% Spike in Bounced Check Value, Affecting 670,000

3 August 2019

In Morocco, bounced checks are experiencing a worrying increase. Indeed, these unpaid checks are up 6.4% in number and 12.5% in value compared to last year. Checkbook bans (…)

Morocco’s Budget Deficit Narrows as Tax Revenue Rises, Treasury Reports

16 May 2019

According to the General Treasury of the Kingdom (TGR), the situation of the Treasury’s charges and resources shows a budget deficit of 14.1 billion dirhams (MMDH). This is (…)