Morocco's budget faces growing pressure as social spending climbs, Bank Al-Maghrib warns

Morocco’s public finances are entering a tougher phase as rising social spending, climate challenges and long-term fiscal commitments put increasing pressure on the state budget, Bank Al-Maghrib warned in its 2025 annual report. The bank said Morocco has strengthened its macroeconomic position over the past two years, with faster economic growth, lower inflation, a narrower […]

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