Morocco’s finance ministry submitted a 2026 draft budget totaling 761.3 billion dirhams ($83 billion), marking a 5.5% increase from last year.
Economic growth is projected to slow to 4.6% in 2026, down from 4.8% in 2025, amid global market uncertainties and an expected average grain harvest.
The government pledged to prioritise health and education while reducing inequalities between regions, reflecting rising public concern over social services.
Recent youth-led protests across Morocco exposed widespread frustration with the quality of public services, pushing social issues to the forefront of policymaking.
Public investment is set to rise 12% to 380 billion dirhams, focused on infrastructure, including ports, airports, and railways ahead of the 2030 FIFA World Cup.
The fiscal deficit is expected to shrink to 3% of GDP in 2026, down from 3.5% in 2025, helped by rising tax revenues.
Financing needs are forecast at 48.744 billion dirhams, representing a 23.26% decrease from 2025, as the government balances investment with fiscal prudence.
Officials describe the budget as a blueprint for modernisation, aiming to stimulate growth while addressing public discontent and regional disparities.
Morocco’s authorities stress that strategic investment and targeted social spending will be central to economic stability and long-term national development.
