Morocco’s new government has set ambitious yet realistic macroeconomic targets for the 2026–2031 legislative term, aiming to finance its social and sovereign priorities through sustained growth and disciplined public finances.
Presenting the program to both houses of Parliament, the Prime Minister outlined an average annual GDP growth rate of 5% for the period 2027–2031, with inflation held at around 2% per year to protect purchasing power and ensure stability.
The budget deficit will be contained at approximately 3% of GDP throughout 2026–2031, achieved through broader tax bases, improved spending efficiency under organic finance law reform, growth dividends, and greater contributions from public institutions and enterprises.
Public debt is projected on a downward path toward roughly 62% of GDP by 2031, El Mansouri said.
These figures underpin a broader economic strategy focused on higher value-added production, technological mastery, energy transition, and digital and scientific sovereignty, she said.
The government seeks a better balance between manufacturing and services, stronger national industry to substitute imports (especially finished goods), and accelerated investment in infrastructure and productive sectors, El Mansouri said.
Agriculture modernization will continue, while a new tourism roadmap for 2027–2030 targets 26 million visitors by 2030, she said.
The private sector’s share of national investment is to rise to two-thirds, supported by the Investment Charter, faster project execution, reformed regional investment centres, and enhanced financing and guarantees for very small, small and medium enterprises, she said.
Public enterprises will undergo accelerated restructuring to strengthen their financial positions and contribution to national goals, under the 2027-2031 plan.
Energy sovereignty goals include raising renewables to more than 52% of the electricity mix by 2030, advancing the green hydrogen offer and progressive gas infrastructure, she said, adding that water security measures encompass more dams, seawater desalination capacity of 1.8 billion cubic meters by 2031.
Food sovereignty efforts will boost domestic seed production from 20% to 50% and support livestock herd reconstitution.
