Morocco's government has reaffirmed its target to bring the budget deficit down to 3% of GDP by 2026, according to the latest official statements. This goal comes amid increased spending on social programs, public sector wages, energy subsidies, and infrastructure investments.
As of the end of June 2026, the overall deficit has shown some improvement, largely driven by higher tax revenues and a reduction in certain expenditures. However, economists caution that the target remains challenging due to persistent inflationary pressures and global economic uncertainties.
The Ministry of Economy and Finance has not yet released detailed mid-year figures, but preliminary data suggests that the deficit may narrow to around 4.5% of GDP by year-end, still above the 3% target. The government is counting on continued economic growth and fiscal discipline to achieve its goal.
