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Reports show that Morocco's budget deficit decreased to 20.2 billion dirhams during the first half of 2026, compared to a deficit of 24.9 billion dirhams in the same period last year. The reduction was driven by an 8.6% increase in tax revenues, along with steady ordinary revenues at 229.7 billion dirhams, despite a 13.2% rise in expenditures to 311.1 billion dirhams. The report also indicated a partial balance in treasury accounts, with continued increases in debt obligations and a decline in the revenues of independent agencies.
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