According to a recent report by Attijari Global Research (AGR), Morocco's Treasury debt is projected to reach 1.211 trillion dirhams (MMDH) in 2026. This forecast reflects the government's financing requirements amid ongoing economic challenges.
The report highlights that the increase in debt is driven by the need to fund budget deficits and public investments. AGR analysts note that the debt level remains manageable, but they emphasize the importance of fiscal consolidation to ensure long-term sustainability.
As of 2025, Morocco's public debt stood at around 1.1 trillion dirhams, according to official data. The projected rise for 2026 aligns with the government's medium-term debt strategy, which aims to balance development needs with debt sustainability.
Economists point out that the debt-to-GDP ratio is expected to stabilize, supported by economic growth and prudent fiscal policies. However, they caution that external shocks, such as commodity price fluctuations and global interest rate changes, could affect the outlook.
