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Morocco’s Public Debt Drops to 29.2% of GDP, Treasury Report Shows
Sunday 7 April 2019, by
Good news on the debt front with a decrease in its share of Gross Domestic Product (GDP), according to the Ministry of Economy via the Directorate of the Treasury and External Finance (DTFE).
The DTFE informs us that the debt is now 29.2% of GDP, compared to 31.3% in 2017. In detail, multilaterals account for 48.8% of this debt, bilaterals 28.4%, international financial markets and commercial banks 22.8%, according to the document published on the ministry’s website and reported by the MAP.
Furthermore, public institutions and the Treasury were the main borrowers with shares of 54.1% and 45.4%, respectively, according to this document, which specifies that the public Treasury’s debt has decreased to 13.2% of GDP.
It should also be noted that the euro represents 59.5% of Moroccan debt, followed by the US dollar at 28.4%, and finally the Japanese yen at 3.8%, while the fixed interest rate is 75.2%, while the variable rate represents 24.8%.