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Keywords: TGR


Morocco's budget deficit swells to MAD 21.1 billion amid rising expenses and revenues

In a stark financial revelation, Morocco's Treasury has reported a staggering budget deficit of MAD 21.1 billion ($2.1 billion) for February 2025. This figure marks a considerable increase from the MAD 3.8 billion ($0.38 billion) deficit recorded during the same period last year, highlighting a deteriorating......

Morocco’s Fiscal Challenges: Budget Deficit Climbs to MAD 35.2 Billion

Rising Government Spending Overshadows Revenue Gains As of July 2024, Morocco's budget deficit has expanded to MAD 35.2 billion ($3.56 billion), up from MAD 27.7 billion ($2.8 billion) in the same period last year, according to the Treasury General of the Kingdom (TGR). The deficit includes a positive......

Morocco's Fiscal Deficit Narrows Significantly to MAD 1.18 Billion in April

Morocco's fiscal situation has undergone a remarkable turnaround, showcasing substantial improvement as the budget deficit shrinks to a mere MAD 1.18 billion (approximately $113 million) by the end of April 2024. This figure marks a significant decline from the MAD 10.58 billion deficit recorded......

Advancing Consular Services Online: A Leap Towards Modernization

In response to the longstanding request from Moroccan residents abroad (MRE), the implementation of an online consular service demonstrates the deep concern that His Majesty King Mohammed VI has for the members of the Moroccan community living overseas, aiming to enhance their reception and support at......

Moroccan Customs Revenues Surge to Over MAD 20 Billion in Q1 2024

In a testament to Morocco's strong economic performance, the Kingdom's General Treasury (TGR) has reported that net customs revenues soared to a remarkable MAD 20 billion ($2 billion) in the first quarter of 2024, marking a 1.8% increase compared to the same period the previous year. According......