Morocco’s 2027 budget sets 210 billion dirhams for territorial development
By the AFREEQUE newsroom, based on Le Matin
Morocco’s draft 2027 finance bill centres on five priorities, including 44.2 billion dirhams for social protection and 210 billion over eight years for territorial development programmes. Deputy Budget Minister Fouzi Lekjaa presented the plans to the Finance Committee of the House of Representatives, according to Le Matin.
Morocco’s draft 2027 finance bill provides for 210 billion dirhams over eight years for integrated territorial development programmes. The funding is intended to finance employment, basic services and the upgrading of territories, as part of the acceleration of advanced regionalisation, Le Matin reports.
The bill also allocates 44.2 billion dirhams to social protection in 2027. It provides for improved access to healthcare, education, training and housing, while promoting young people’s integration through returning to school, training, employment and entrepreneurship, according to Le Matin.
The draft also aims for dam storage capacity of more than 24 billion cubic metres by the end of 2027 and the production of more than 1.8 billion cubic metres of desalinated water by 2031. It also sets a target of a 52% share of renewable energy in installed electricity capacity by 2030, alongside the development of natural gas and green hydrogen, Le Matin reports.
These measures complement the main figures already published on the draft budget: 482.4 billion dirhams in revenue and 825.6 billion dirhams in expenditure, announced on 23 October.
