October 24, 2026
Moroccan Minister of Finance and Economy, Fawzi Lakjaa, confirmed that his country expects the fiscal deficit to stabilize at 3% of GDP, exceeding the impact of increased spending on social programs and tax cuts.
Lakjaa’s statements came during his presentation of the draft 2027 budget to members of Parliament, where he indicated that economic growth for next year is expected to record 3.7%, lower than the current year’s expectations of 4.7%, based on the assumption of achieving average agricultural crops.
This announcement comes after Morocco formed a new coalition government following the September 23 elections, which places at the top of its priorities enhancing purchasing power, improving social services, and providing job opportunities for young people. This comes one year after the “Generation Z” protests and the migration crisis that the city of Ceuta witnessed in July.
