Moroccan budget sets 825.6 billion dirhams in expenditure for 2027
By the AFREEQUE newsroom, based on Le Matin
Morocco’s draft budget provides for 825.59 billion dirhams in expenditure in 2027, 8.44% more than in 2026, against 786.60 billion in resources and a budget deficit of 89.61 billion. Medium- and long-term borrowing revenue would reach 120 billion dirhams, according to the presentation note for the 2027 Finance Bill.
Total expenditure by the Moroccan state is expected to reach 825.59 billion dirhams in 2027, compared with 761.30 billion in 2026, an increase of 8.44%. The forecasts appear in the presentation note for the 2027 Finance Bill.
The figure includes 571.12 billion dirhams for the general budget, excluding the repayment of medium- and long-term public debt, 183.41 billion for special Treasury accounts and 1.68 billion for autonomously managed state services. Public debt repayment represents an additional 69.38 billion dirhams.
Total resources are expected to reach 786.60 billion dirhams, compared with 712.55 billion in 2026, an increase of 10.39%. Medium- and long-term borrowing is expected to provide 120 billion dirhams. The budget balance, calculated excluding borrowing and debt repayment, would stand at -89.61 billion dirhams, compared with -107.58 billion in 2026, while residual financing needs would fall from 48.74 to 38.99 billion.
General budget operating expenditure would reach 387.14 billion dirhams, an increase of 11.41%. Appropriations for staff remuneration would remain almost stable at 195.67 billion dirhams, compared with 195.33 billion in 2026, according to the presentation note. These forecasts complement the 482.4 billion dirhams in general budget revenue announced for 2027.
