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Morocco's Budget Deficit Climbs to 56.9 Billion Dirhams Through August 2026
Morocco's Treasury reported a budget deficit of 56.9 billion dirhams by the end of August 2026, marking a 5.2% increase from the 54.1 billion dirhams recorded in the same period last year. Despite ordinary revenues rising 5.5% to 286.6 billion dirhams—driven by double-digit growth in direct taxes an...

Bank Al-Maghrib Cuts 2026 Growth Forecast to 5.2% Amid Rising Inflation Pressures
The Moroccan central bank has downgraded its 2026 GDP growth projection to 5.2% (down from 5.6%) and lifted its inflation outlook, citing lingering ge...

Morocco's Budget Deficit Swells to 15.5 Billion Dirhams by End of April 2026
The General Treasury of the Kingdom reported a budget deficit of 15.5 billion dirhams at the end of April 2026, up from 11.8 billion a year earlier. W...

Middle East Tensions Pose Dual Risk Scenarios for Morocco's Economy
BMCE Capital Global Research (BKGR) outlines two risk scenarios for Morocco stemming from the escalating U.S.-Israel‑Iran conflict. The central case a...

Morocco’s Public Finances Show a DH9.6 billion Budget Deficit in January 2026
Morocco’s Treasury reported a DH9.6 billion budget deficit for January 2026, widening from the DH6.9 billion shortfall recorded a year earlier. The ga...

Morocco’s 2025 Ordinary Revenue Hits 424 Billion Dirhams, Shows Strong Fiscal Momentum
Budget Minister Fouzi Lekjaa told the House of Representatives that Morocco’s ordinary state revenues rose to 424 billion dirhams in 2025 – a 14.2% ju...
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