##  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.  


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

**Economic Discipline Holds Strong**

Morocco defied recent trends among emergin

Morocco maintains strong fiscal discipline, boosts industria

Morocco maintains strong fiscal discipline, boosts industrial momentum

##  Morocco's Trade Deficit Widens Amid Auto Export Slump

**First-Half Figures Reveal 18.4% Increase in Deficit**


Morocco's trade deficit surged by a significant 18.4% year-on-year during the first half of 2025, reaching 161.8 billion dirhams ($17.8 billion), according to the latest foreign trade bulletin from the Office des Changes.  

This widening gap is primarily attributed to a slowdown in automotive exports, which have traditionally been key contributors alongside phosphate products to Morocco's economic output. 


 "The decline in auto exports has played a major role in the increase of the deficit," stated an official source.   


##  Morocco's Trade Deficit Widens Amid Auto Export Slump

**First-Half Figures Reveal 18.4% Increase in Deficit**


Morocco's trade deficit surged by a signifi

#Trade deficit

Morocco maintains strong fiscal discipline, boosts industrial momentum

Morocco’s trade deficit widens 18.4% in first half of 2025 amid slump in auto exports