Morocco Expects the Fiscal Deficit to Stabilize at 3% in 2027.
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Morocco expects the budget deficit to stabilize at 3% of GDP in 2027, despite increased social spending and tax cuts, with expected economic growth of 3.7% and plans to boost purchasing power.
Rabat: Morocco expects its fiscal deficit to remain stable at 3 percent of GDP, despite increased spending on social programs and tax cuts, newly appointed Finance and Economy Minister Fouzi Lekjaa said on Friday. Presenting the draft 2027 budget to members of parliament, Lekjaa stated that the economy is projected to grow by 3.7 percent […]
On Friday, the Moroccan Government revealed a package of social and economic measures in the 2027 draft Finance Act, which includes the expansion of the income tax exemption, the raising of pensions and widows, the increase of financial support for families, as well as the State ' s billing of electricity for categories of consumers...
The announcement of the Government ' s tendency to exempt families whose electricity bills are less than 100 dh per month from the performance of this bill has generated widespread attention, given the continuing rise in the cost of living and the budgetary pressures faced by a number of Moroccan families, especially those with low incomes. This action is part of the measures announced under the draft Finance Act [...]
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