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Morocco Projects $1.58 Billion Revenue from Tobacco and Alcohol Taxation in 2025 Economic Plan
Morocco's government has unveiled ambitious fiscal measures in its 2025 Finance Bill, targeting MAD 16.4 billion ($1.58 billion) in revenue through strategic taxation of tobacco and alcoholic beverages. This initiative forms part of a comprehensive economic growth strategy aimed at strengthening the nation's financial framework.
The finance bill outlines a detailed revenue structure, projecting MAD 13.7 billion ($1.32 billion) from cigarette taxation, MAD 1.55 billion ($149.76 million) from beer, and MAD 1.19 billion ($114.91 million) from alcohol sales. These measures represent a continuation of the government's 2024 fiscal policy, which implemented increased taxes on alcoholic beverages to address budget deficits.
Beyond tobacco and alcohol, the government anticipates additional revenue streams from various domestic products. The projections include MAD 854 million ($82.42 million) from soft drinks, MAD 60.5 million ($5.84 million) from sugary products, and MAD 19.56 billion ($1.89 billion) from energy products.
During a recent Council of Ministers meeting at Rabat's Royal Palace, Minister of Economy and Finance Nadia Fettah Alaoui presented the government's strategic vision. The plan addresses four key priorities: enhancing social cohesion, strengthening economic sovereignty, ensuring sustainable public finances, and securing future generational interests. A notable aspect includes the expansion of social protection programs, providing direct aid to nearly four million households.
The government has also announced plans to increase its investment fund from MAD 245 billion ($23.63 billion) in 2022 to MAD 335 billion ($32.32 billion) in 2024. The 2025 Finance Bill targets an ambitious 4.6% growth rate while aiming to maintain inflation at 2%, demonstrating Morocco's commitment to macroeconomic stability despite ongoing global geopolitical and climate challenges.
Overall revenue projections show a 14.49% increase, with total tax revenue expected to reach MAD 657.8 billion ($63.47 billion), highlighting the government's comprehensive approach to fiscal management and economic development.