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Keywords: Revenues


FIFA Club World Cup 2025: Economic powerhouse and football spectacle

The FIFA Club World Cup 2025 is poised to be much more than a month-long football tournament in the United States. Taking place across 11 iconic U.S. cities, including New York, Los Angeles, and Miami, the event is anticipated to flood the economy with cash, generating an impressive $41.3 billion in......

Increase in Tax Revenues by 24.6% by End of January 2025

The Ministry of Economy and Finance (MEF) reported that tax revenues reached 30.79 billion dirhams (MMDH) by the end of January 2025, marking an increase of 24.6% compared to the same period in 2024. In its recent Treasury Charges and Resources document (SCRT), the ministry emphasized that the revenues......

Surge in Travel Revenues Signals Morocco's Economic Resurgence

In a noteworthy development for Morocco's economy, travel revenues reached 87.1 billion dirhams by the end of September 2024, marking an impressive 8.4% increase compared to the previous year and a remarkable 44.7% rise from the same period in 2019. This information was shared by Prime Minister Aziz......

Morocco's Railway System Unveils $939 Million Expansion Plan Through 2027

Morocco's National Railways Office (ONCF) has announced an ambitious MAD 9.78 billion ($939 million) investment strategy spanning 2025-2027, marking a significant advancement in the country's transportation infrastructure. The comprehensive plan, detailed in the public establishments and enterprises......

Morocco's Tourism Sector Soars: Record-Breaking Foreign Currency Revenues in 2024

Morocco's tourism industry has achieved unprecedented success, with foreign currency revenues reaching a record high of MAD 17 billion (approximately $1.74 billion) in August 2024. This remarkable performance represents a significant 20% increase compared to the same period last year, according to......

Morocco's Economic Horizon: Central Bank Projects Record-Breaking Remittances by 2025

In a promising forecast for Morocco's economic landscape, Bank Al-Maghrib (BAM), the country's central bank, has unveiled projections that paint a picture of robust growth across multiple sectors. The standout prediction: remittances are expected to reach an unprecedented MAD 123.7 billion ($12......

Mineral Water Tax Boosts Local Government Revenues

Recent figures released by the Ministry of Interior have revealed a remarkable surge in revenues from mineral and table water sources, benefiting local authorities. Revenues soared from 170.3 million dirhams in 2022 to an astonishing 803.2 million dirhams in 2023. According to the Economic, Social and......

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......