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Treasury debt rose from 1,145 billion dirhams at the end of 2025 to 1,190.4 billion in June 2026. The Ministry of Economy and Finance expects it to reach around 1,288.8 billion dirhams in 2027, equivalent to 66.9% of GDP. In 2027, the debt is expected to comprise 901 billion dirhams in domestic debt and 387.8 billion in external debt. Debt interest is projected to total 45.9 billion dirhams, while repayments due on medium- and long-term debt are expected to reach around 69.4 billion dirhams that year.
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