Morocco's King Approves 2027 Budget Plan

King Mohammed VI of Morocco held his first cabinet meeting of the new government, during which he approved the draft budget law for 2027. The plan focuses on social support and allocates 25 billion dirhams to regional development programs. The proposal includes increasing direct social assistance, boosting purchasing power, and implementing programs for youth to facilitate their integration into education and employment. It also features structural reforms of markets, social, and economic policies, aiming for an economic growth rate of 4.7% and reducing the budget deficit to 3% of GDP. Additionally, the plan emphasizes strengthening national sovereignty in the sectors of water, energy, and food; accelerating renewable energy and green hydrogen projects; and supporting public and private investments to achieve balanced economic and developmental growth.

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