Morocco forecasts 4.6% growth in 2025 appropriation bill

The Moroccan government is preparing the 2025 appropriation bill based on a forecast of 4.6% growth rate, from an estimated 3.3% this year, the finance minister said.

The government will press ahead with its social project, which includes generalization of safety nets and financial assistance to the needy, in addition to investing in infrastructure and the promotion of private investments, she told MPs.

The appropriation bill is also based on expectations of an average cereals harvest, from a meagre crop year in 2024, due to consecutive droughts.

It also assumes a barrel price at 80 dollars, an exchange rate at 9.8% and an inflation rate at 2%.

The government is also giving priority to maintaining macroeconomic balances, as it seeks to narrow the budget deficit and foreign debt, she said.