Morocco's Minister of Economy and Finance, Nadia Fettah, presented the 2026 closing forecasts to Parliament on July 22, 2026, projecting a GDP growth rate of 5.2%, a budget deficit of 3%, and public debt at 69.5% of GDP, according to official statements.
The forecasts, part of the revised Finance Law for 2026, reflect an improved economic outlook driven by strong agricultural output and recovering global demand. Fettah emphasized that the deficit target aligns with the government's fiscal consolidation strategy.
Debt reduction remains a priority, with the ratio expected to decline from 71.2% in 2025 to 69.5% in 2026, supported by robust tax revenues and controlled spending. The minister also highlighted inflation stabilizing around 2.1%.
These projections are subject to external risks, including global commodity prices and weather conditions affecting agriculture. Parliament will debate the revised budget in the coming weeks.
