Morocco Trims Budget Deficit to 4% in 2024 after Tax Surge

Drop in Morocco’s budget deficit from 4.3% in 2023 is mostly due to a surge in tax receipts, government spokesman Mustapha Baitas tells reporters.

• Tax receipts rose by a net 35.9b dirhams in 2024, up 13.6% vs the previous year
• Central government’s debt was 69.5% of GDP in 2024, unchanged versus 2023

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Souhail Karam in Rabat at skaram10@bloomberg.net

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Tarek El-Tablawy at teltablawy@bloomberg.net

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