Fiscal Balance in Morocco
Morocco - Fiscal BalanceThe economy softened slightly in the third quarter due to a sharp contraction in agricultural output, as rainfall deficits in early 2019 hurt cereal output. Moreover, the non-agricultural sector decelerated slightly on weaker momentum in retail and manufacturing. Turning to the fourth quarter, economic growth should have picked up slightly due to stronger contributions from the mining and construction sectors, while upbeat tourist arrivals likely further supported domestic activity. However, the agricultural sector will likely have continued to drag on momentum. In related news, the state news agency reported in January that the government will spend USD 12 billion between 2020 and 2027 securing the country’s strained water supply, which could help smooth the volatility of agricultural output in the longer term.
Morocco - Fiscal Balance Data
|Fiscal Balance (% of GDP)||-5.1||-4.7||-4.2||-4.3||-3.5|
5 years of economic forecasts for more than 30 economic indicators.
Morocco Fiscal Balance Chart
Source: Ministry of Finance.
|Bond Yield||3.02||0.0 %||Dec 31|
|Exchange Rate||9.56||-0.29 %||Dec 31|
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