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Morocco Treasury Announces March 2026 Financing Needs Between 11.5 and 12 Billion Dirhams
The Moroccan Treasury's Department of Treasury and External Finance (DTFE) has released its forecast for financing requirements in March 2026, estimating the amount to be raised through Treasury bill auctions at between 11.5 and 12 billion dirhams. This range remains consistent with the previous month's forecast, indicating stable fiscal planning. The announcement provides clarity for investors participating in the government's regular debt issuance program.
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March 10, 2026 – The Moroccan Treasury, through the Direction du Trésor et des finances extérieures (DTFE), has announced its projected financing needs for March 2026. The government expects to raise between 11.5 and 12 billion dirhams (MAD) through its regular Treasury bill auctions during the month.
This forecast aligns with the amount projected for February 2026, reflecting consistent fiscal requirements as the state manages its budget deficit and debt refinancing. The DTFE's communiqué informs investors of the upcoming auction schedule, which will be conducted in line with standard procedures.
Market participants will monitor these auctions for insights into demand for sovereign debt and potential movements in short-term interest rates. The stability in the forecasted amount suggests no immediate pressure on the Treasury's funding operations.