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Morocco’s budget execution in 2026

This dossier follows Morocco’s budget execution, Treasury revenue and expenditure, and the reported budget balance, distinguishing interim figures from annual results.

Last updated : 1 key moments

Where things stand

As of 28 October 2026, the ministry reports a budget deficit of MAD 33.1 billion at end-September, compared with MAD 52.4 billion a year earlier.

Ministry reports Morocco’s budget deficit at MAD 33.1 billion

Ministry figures reported on 28 October 2026 put Morocco’s budget deficit at MAD 33.1 billion at end-September, compared with MAD 52.4 billion a year earlier.

Archive photograph of Parliament in Rabat.
Parliament in Rabat in August 2025. Archive illustration of the budget’s institutional setting; Taha ahh, CC0. — Taha ahh / Wikimedia Commons — CC0 1.0 https://creativecommons.org/publicdomain/zero/1.0/ — photo du 8 août 2025, redimensionnement uniquement.

According to the ministry, ordinary revenue rose by MAD 43.7 billion, outpacing expenditure growth of MAD 24.5 billion. Investment expenditure reached MAD 82.8 billion, up 13.4%.

This Treasury revenue and expenditure statement covers the first nine months of 2026. It describes budget execution at that point, rather than the annual outcome. The reports consulted refer to the same ministry statement.

Sources 2