##  Morocco's Budget Gap Widens to Nearly $5 Billion

**Deficit Soars as Spending Outpaces Revenue**


The Moroccan government faced a budget deficit of MAD 53.7 billion ($5.3 billion) by the end of July 2025, according to figures released by the General Treasury of the Kingdom (TGR).  This represents a sharp increase from the MAD 35.3 billion deficit recorded in July 2024.

“A negative balance of MAD 4.8 billion was generated by the Treasury’s special accounts,” the TGR reported.




##  Morocco's Budget Gap Widens to Nearly $5 Billion

**Deficit Soars as Spending Outpaces Revenue**


The Moroccan government faced a budget deficit of MAD 53.

Morocco&#039;s Budget Deficit Reaches MAD 53.7 Bln at End of

Morocco&#039;s Budget Deficit Reaches MAD 53.7 Bln at End of July

## Morocco's Treasury Pours  MAD 4.3 Billion into Short-Term Investments

**Two operations aimed at managing excess cash.**

Morocco's Treasury and External Finance Directorate (DTFE) injected MAD 4.3 billion into short-term investments on Monday, seeking to manage the nation's cash surpluses effectively. 

The first operation saw a significant uptake: MAD 3.4 billion was placed for one day at a weighted average rate of 2.31%, according to a DTFE statement. The second transaction involved a "blank operation"  of MAD 900 million, with further details yet to be disclosed.





## Morocco's Treasury Pours  MAD 4.3 Billion into Short-Term Investments

**Two operations aimed at managing excess cash.**

Morocco's Treasury and External Fin

#Treasury

Morocco's Budget Deficit Reaches MAD 53.7 Bln at End of July

Morocco's Treasury Places MAD 4.3 Bln in Cash Surpluses

#Treasury

Morocco&#039;s Budget Deficit Reaches MAD 53.7 Bln at End of July

Morocco&#039;s Treasury Places MAD 4.3 Bln in Cash Surpluses

Morocco's Budget Deficit Reaches MAD 53.7 Bln at End of July

Morocco's Treasury Places MAD 4.3 Bln in Cash Surpluses