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Kingdom's treasury before Aknouch ends: deficit down to 24B dirhams
The article reviews Morocco's financial situation before the new government led by Akhannouch takes office, showing that data from the first half of 2026 indicate a significant improvement in budget balances. The government recorded a reduction in the budget deficit to 24 billion dirhams, down from 30.8 billion dirhams during the same period in 2025, with revenues rising to over 225 billion dirhams from both tax and non-tax sources. The country also experienced an increase in public spending, especially operational expenses and debt interest, but the ordinary surplus reached 21.3 billion dirhams, reflecting an improved fiscal balance. Investment expenditures amounted to 59.8 billion dirhams, with the state continuing to rely on domestic and external financing, as funding needs sharply declined to 23.6 billion dirhams compared to previous periods. Overall, the data suggest that public finances are moving toward greater stability, despite ongoing challenges related to rising current expenditures, particularly debt interest, which continues to exert pressure on the budget.
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