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Revenues Rise to June 2026
Morocco's Minister of Economy and Finance, Nadia Fattah, confirmed that the country's current revenues registered a positive performance by the end of June 2026, with an increase of 15.4% compared to the projections outlined in the budget law and the first half of 2025. Tax revenues rose by 11.8%, while non-tax revenues increased by 55.3%. Despite international challenges, the national economy continued to grow, with an expected growth rate of 5.3% in 2026. The inflation rate declined to 0.4% during the first six months of the year, with core inflation remaining stable at -0.1%. The labor market showed improvements, creating 193,000 jobs in 2025 and reducing the unemployment rate to 13%. Additionally, exports increased by 5.8% to reach 211.4 billion dirhams by the end of May 2026, while imports rose by 11.8%, leading to a 20.8% expansion in the trade deficit. The government remains focused on implementing major projects and continuing to support the social policies of the state, with a projected economic growth rate of 4.1% in 2027, based on assumptions related to oil prices, grain harvests, and inflation around 2%.
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