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Kingdom Public Treasury Budget Deficit Tops 33B Dirhams
The article discusses Morocco's overall budget situation up to the end of September 2026, noting that the general treasury recorded a deficit of 33.3 billion dirhams, compared to 50.6 billion dirhams during the same period last year. It explained that this deficit was offset by a positive balance of 23.4 billion dirhams from special accounts and independent government departments. Ordinary revenues increased by 8.5%, mainly from direct taxes, customs duties, and indirect taxes, while non-tax revenues decreased by 15.3%. Expenses totaled 431.6 billion dirhams, a 9% increase driven by higher operational, investment, and debt service costs. The report also indicated an increase in external loan repayments by 7.2 billion dirhams, alongside rising interest on debt. Total expenditure commitments reached 656.6 billion dirhams, representing a commitment rate of 65%. The data shows that public finances remain stable, with expenses and investments aligned with the forecasts of the Finance Law, despite the growth in debt-related expenses and obligations.
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