Morocco's deficit reaches 58.6B dirhams

Data from the Ministry of Economy and Finance show that Morocco's budget deficit as of the end of August 2026 reached 58.6 billion dirhams, down from 59.5 billion dirhams during the same period in 2025. This occurred alongside an increase in revenues of 25.5 billion dirhams, compared to an increase in expenditures of 24.6 billion dirhams, with an improvement in the balance of the treasury's special accounts. Total revenues amounted to 280.4 billion dirhams, representing a achievement rate of 64.8% of the expected target, with tax revenues rising by 10.3% to 247.5 billion dirhams, and contributions from public enterprises totaling 29.5 billion dirhams, including revenues from Bank Al-Maghrib, the National Agency for Land Conservation, and the OCP Group. On the expenditure side, regular expenses reached 268.2 billion dirhams, an increase of 26.2 billion dirhams, driven by higher spending on goods and services, interest payments, and subsidy costs. Investment expenditures also rose by 11.4%, reaching 75.7 billion dirhams. The surplus of the treasury's special accounts doubled to 4.9 billion dirhams after being negative in 2025, which helped to limit the overall fiscal deficit during the first eight months of the year.

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