Morocco's ordinary state revenues reached 261 billion dirhams (MMDH) by the end of July 2026, an increase of 8.3% compared to the same period in 2025, according to the latest report from the General Treasury of the Kingdom (TGR).
The growth is attributed to higher tax receipts, including direct and indirect taxes, as well as customs duties. The TGR report, released on August 13, 2026, highlights the continued recovery of economic activity and improved tax collection efficiency.
Direct taxes rose by 7.5% to 89.2 MMDH, while indirect taxes increased by 9.1% to 112.4 MMDH. Customs duties also saw a notable increase of 10.2% to 59.4 MMDH, reflecting stronger import activity.
These figures are part of the broader budget execution data for the year, which also shows a slight increase in public spending. The government's fiscal performance is closely monitored by international financial institutions as Morocco continues its economic reform agenda.
