Moroccan civil servants are the most indebted: 44% of income on average

Public-sector employees remain the clients most exposed to the burden of monthly payments. Their average debt ratio reaches 44% of their income, according to the 2025 Annual Report on Financial Stability, published by Bank Al-Maghrib, ACAPS and the Moroccan Capital Market Authority.

This rate corresponds to the share of monthly income absorbed by repayments. A civil servant covered by the study therefore retains an average of 56% of their income after paying their loan installments.

Civil servants are well ahead of private-sector employees, whose average rate stands at 34%. Retirees devote 36% of their income to repaying their loans, compared with 32% for self-employed professionals.

On Bladi.net : Morocco Household Debt Surges 6.9% in 2025 Record Growth

These results do not cover all Moroccan civil servants. The study is based on 639 013 files involving individuals who took out a new loan or renewed a loan in 2025. Public- and private-sector employees account for 63% of the borrowers examined, compared with 60% in 2024.

The stability of civil servants’ salaries facilitates their access to financing. For banks and credit companies, the regular payment of their income reduces the risk of default and makes it possible to grant larger amounts or allow repayments over a longer period.

Nearly four in ten borrowers exceed 40%

Across all categories, the average debt ratio of the borrowers studied reached 36%, compared with 34% in 2024 and an average of 31% between 2015 and 2022. The situation is deteriorating particularly among individuals whose monthly payments exceed 40% of their income.

They now account for 38% of the files, compared with 32% one year earlier. These borrowers account for 45% of the amount of the loans analyzed.

Among this heavily indebted group, the average burden rises to 63% of income for civil servants and 61% for retirees. It reaches 59% among self-employed professionals and 56% among private-sector employees. The 63% rate therefore concerns only borrowers who have already exceeded the 40% threshold, while the 44% rate covers all civil servants in the sample.

On Bladi.net : Morocco Loan Crisis: 8.9% Non-Performing Debt Risk

This pressure accompanies the general acceleration of credit. Moroccan household debt increased by 6.9% in 2025 to reach 456.3 billion dirhams, its sharpest rise since 2012. Consumer loans jumped by 13.2%, to 183 billion dirhams.

Unpaid debts reached 47 billion dirhams at the same time. Around 10.3% of household loans are thus classified as non-performing. A situation that explains why Moroccan unpaid receivables are now attracting specialized foreign investors.

Civil servants therefore remain sought-after borrowers because of the security of their income, but this easy access to credit also puts them at the top of the categories whose salaries are most heavily reduced by repayments.