Fiscal Balance in Morocco

Morocco Fiscal Balance | Economic News & Forecasts

Morocco - Fiscal Balance

The 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

2013  2014  2015  2016  2017  
Fiscal Balance (% of GDP)-5.1  -4.7  -4.2  -4.3  -3.5  

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Morocco Fiscal Balance Chart


Morocco Fiscal
Note: Fiscal balance as % of GDP.
Source: Ministry of Finance.

Morocco Facts

ValueChangeDate
Bond Yield3.020.0 %Dec 31
Exchange Rate9.56-0.29 %Dec 31

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