Morocco's Finance Minister Nadia Fettah presented the government's closing forecasts for 2026 to Parliament on July 22, 2026, projecting economic growth of 5.3% and a budget deficit of 3% of GDP. The forecasts, based on current economic trends and policy measures, also anticipate a gradual reduction in public debt.
According to official statements, the growth projection is driven by robust performance in key sectors including agriculture, manufacturing, and services. The deficit target aligns with the government's fiscal consolidation strategy under the Organic Law on Finance, aiming to maintain fiscal discipline while supporting social spending.
Fettah emphasized that the debt-to-GDP ratio is expected to decline, though specific figures were not immediately available. The projections assume stable global economic conditions and continued implementation of structural reforms under the New Development Model.
Parliamentary discussions focused on the realism of these targets given global uncertainties, including inflation pressures and geopolitical risks. Opposition lawmakers questioned the assumptions behind the growth forecast, while government allies defended the projections as achievable based on recent economic performance.
The closing forecasts will be updated in the 2027 budget bill, scheduled for presentation later this year. Morocco's economy grew by an estimated 3.4% in 2025, according to the central bank.
