Morocco maintains strong fiscal discipline, boosts industrial momentum

Morocco's Fiscal Tightrope: Deficit Under Control Despite Global Headwinds

Economic Discipline Holds Strong

Morocco defied recent trends among emerging economies, keeping its budget deficit firmly in check at 3.8% of GDP for the year 2024. This figure stands in stark contrast to deficits exceeding 7% recorded by several other developing nations grappling with economic uncertainty.

Debt Levels Remain Manageable

Public debt also remained within healthy limits, settling at 67.7% of GDP – comfortably below the 70% threshold considered a red flag for developing countries. This figure pales in comparison to levels seen in some other nations facing greater financial strain.