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Keywords: Deficit


Morocco's Trade Imbalance Grows: Exports Rise, but Imports Surge Faster

Morocco's trade deficit expanded to 196.85 billion dirhams ($19.3 billion) by the end of August 2024, marking a 3.2% increase from the previous year. This widening gap between imports and exports highlights the ongoing challenges faced by the North African nation in balancing its international trade. The......

Morocco’s Fiscal Challenges: Budget Deficit Climbs to MAD 35.2 Billion

Rising Government Spending Overshadows Revenue Gains As of July 2024, Morocco's budget deficit has expanded to MAD 35.2 billion ($3.56 billion), up from MAD 27.7 billion ($2.8 billion) in the same period last year, according to the Treasury General of the Kingdom (TGR). The deficit includes a positive......

Morocco's Fiscal Outlook: Fitch Ratings Predicts Deficit Reduction by 2026

Projected Spending Cuts and Fiscal Strategies Signal Optimism Amid Challenges Morocco is on a path to reduce its fiscal deficit over the next few years, according to a new report from Fitch Ratings. The credit rating agency forecasts that the North African nation’s fiscal deficit will decrease......

CNOPS Raises Alarm: AMO's Financial Viability in the Public Sector Hangs by a Thread

In a sobering announcement, the National Fund for Social Welfare Organizations (CNOPS) has revealed a significant deficit for 2023, marking the third consecutive year of financial hardship for the Mandatory Health Insurance (AMO) in the public sector. This precarious situation has forced CNOPS to dip......

Morocco's Fiscal Deficit Narrows Significantly to MAD 1.18 Billion in April

Morocco's fiscal situation has undergone a remarkable turnaround, showcasing substantial improvement as the budget deficit shrinks to a mere MAD 1.18 billion (approximately $113 million) by the end of April 2024. This figure marks a significant decline from the MAD 10.58 billion deficit recorded......

Morocco's Trade Deficit Narrows as Import Costs Drop

Morocco's persistent trade deficit is showing signs of improvement as the cost of imports declines while exports continue to rise. According to the latest figures from the Office d'Exchange (OE), the trade imbalance contracted by 14% in March 2024, with import costs falling by 4% year-over-year......

Morocco's Manufacturing Renaissance Propels Export Surge

Morocco's export sector is undergoing a renaissance, driven by growth in key industries like automotive, aerospace, and electronics. This upward trajectory, along with declining imports, has narrowed the country's trade deficit, providing a significant boost to its economy. Data from the Moroccan......

Morocco's Trade Deficit Contracts with Rising Export Values and Falling Import Costs

Morocco's trade deficit, a longstanding concern, is displaying promising signs of improvement as the nation experiences a convergence of factors including a decrease in energy and food prices alongside an increase in export values. According to a recent report from Morocco's Office des Changes,......

Moroccan Trade Deficit Shrinks: Imports Decline, Exports Hold Steady

Morocco's trade deficit witnessed a substantial reduction during the first 11 months of 2022, decreasing by 21.5 billion Moroccan dirhams (DH) compared to the same period last year, according to the country's Foreign Exchange Office. In the midst of global economic challenges, exports demonstrated......

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