Morocco’s 2026 finance bill charts path toward sustainable emergence

Monday 20 October 2025 - 07:50

By: Dakir Madiha

Morocco’s 2026 finance bill charts path toward sustainable emergence

Morocco’s 2026 Finance Bill, reviewed during a Ministerial Council chaired by His Majesty King Mohammed VI at the Royal Palace in Rabat, aims to drive the country toward sustainable economic growth and social equity. The bill was presented by Minister of Economy and Finance Nadia Fettah, who highlighted its alignment with the King’s directives and the objectives of “Emerging Morocco.”

Economic growth and fiscal stability

The Finance Bill is introduced against a backdrop of global economic uncertainty, with Morocco’s economy projected to grow by 4.8% in 2025. This growth is attributed to rising domestic demand and the performance of non-agricultural sectors. Inflation remains under control at 1.1% as of August 2025, and the budget deficit is expected to drop to 3.5% of GDP.

The government’s strategy focuses on consolidating economic gains, deepening structural reforms, and fostering social development. Key initiatives include stimulating investment, implementing the Investment Charter, promoting green hydrogen projects under the “Morocco Offer,” and enhancing the business climate through innovative public-private partnerships. Special attention will be given to small and medium-sized enterprises, recognized as engines of employment and regional stability.

Territorial equity and social protection

The Finance Bill emphasizes territorial equity through regional development programs aimed at creating youth employment, improving healthcare and education access, and modernizing underdeveloped areas, particularly mountainous regions and oases. These efforts are designed to foster solidarity among Morocco’s regions and support sustainable coastal development.

Social protection remains central to the government’s agenda. The Royal Project for the generalization of social protection will continue, with direct support extended to four million households. Child allowances will rise to MAD 50–100 ($5–10) for the first three children, and targeted aid will be allocated to orphans and children in social care. Expanded retirement coverage, unemployment benefits, and direct housing aid are also prioritized.

Investing in health and education

The Finance Bill allocates MAD 140 billion ($15 billion) to health and education in 2026, enabling the creation of 27,000 new positions. Major hospital projects are underway, including the completion of University Hospital Centers in Agadir and Laayoune and the Ibn Sina Hospital in Rabat. Meanwhile, the education sector will see reforms to improve teaching quality, preschool education expansion, and enhanced student support services.

Structural reforms and governance

Morocco’s commitment to structural reforms is evident in the planned overhaul of the Organic Law on Finance, which will prioritize accountability, results-based governance, and cross-sectoral coordination. Public enterprises will undergo restructuring to improve efficiency, while judiciary modernization will enhance access to justice and strengthen the business climate.

The Finance Bill reflects His Majesty King Mohammed VI’s vision of a Morocco built on economic strength, social progress, and territorial justice, with equality and solidarity as cornerstones of national development. The council also approved several organic laws, military decrees, international agreements, and key appointments to advance the Kingdom’s governance and strategic goals.