Morocco expects to steadily reduce its public debt over the rest of the decade as economic growth strengthens and the budget deficit remains contained, despite pressures from global geopolitical tensions, a senior finance official told Bloomberg.
Public debt is forecast to fall to about 60% of gross domestic product by 2030 from roughly 67% at present, helped by faster growth and continued fiscal discipline, Aziz Khayati, director of the budget at the economy and finance ministry, said.
“The budget deficit over the next years will remain at around 3%,” Khayati said, adding that this target would be maintained in 2026 even as the economy absorbs the effects of the war in Iran and a volatile global environment.
Morocco expects economic growth to average around 5% annually, a pace that should allow debt ratios to decline progressively, Khayati said.
“With growth rates that will exceed 5%, we should logically be able to reduce public debt to 65% of GDP in 2028 and to 60% in 2030,” he said.
The government is also working on the financing framework for a 210 billion dirhams ($22.6 billion) regional development programme running through 2032, he said. The plan, managed by the interior ministry, aims to reduce regional disparities and support balanced economic development across the country.
