Finance: Morocco Pockets 9 Billion Additional Dirhams

According to the economic outlook note from the Directorate of Studies and Financial Forecasting, the state’s overall spending increased by 4.4% by end of March 2026, representing a rise of 4.7 billion dirhams. In parallel, ordinary revenues jumped 8.4%, generating 9 billion additional dirhams. This positive momentum makes it possible to achieve a budget surplus of 5.1 billion dirhams, compared to only 768 million in the same period last year. This movement is accompanied by accelerated financing of the economy, with bank credit increasing by 8.3% by end of February.

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This favorable economic situation offers the country greater room for maneuver in the face of global uncertainties, linked in particular to energy prices and geopolitical tensions. Despite these challenges, the Moroccan state maintains its investment effort. Equipment spending from the general budget thus increased by 6.3%, a targeted financial support to accompany major projects and infrastructure initiatives across the territory.