Morocco’s Domestic Debt Surges to $60.1 Billion, Reaching 50.1% of GDP

Now representing 50.1% of GDP, this increase is the result of the government obtaining new loans worth 107 billion dirhams ($11.3 billion) and the repayment of 84.5 billion dirhams ($8.4 billion) in debt during this period, according to the report of the Public Treasury.

The same source specifies that based on the maturity date, Morocco’s domestic debt represents 88.4% of debts payable in more than five years, compared to 85% of debts in the same category last year.

At the end of November, debts payable in 15 years reached around 40% compared to 35.9% at the beginning of the year, it is indicated. To this end, the government has managed the domestic debt by replacing short and medium-term loans with medium and long-term loans during the same period, it is specified.

It should be noted that in this context, the government has withdrawn loans worth 34 billion dirhams ($6.53 billion) to issue bonds with a term of 5 to 30 years in order to pay off the equivalent of loans repayable in less than five years.