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Keywords: FISCAL


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......

Morocco Unveils Gradual Butane Gas Price Hike Plan

Morocco is bracing for a paradigm shift in consumer spending as the government announces plans for a phased increase in the price of butane gas, coinciding with projected escalations in potato prices over the coming three years. Departing from long-standing subsidy practices towards more targeted aid......

Morocco's Prudent Public Spending Spurs Continued Investment Growth

Morocco has sustained positive momentum in public investments despite facing economic headwinds, as per government data. Mustapha Baitas, the government spokesperson and delegate-minister for parliamentary relations, highlighted an 83% execution rate for public projects during a recent press briefing. Baitas......

Moroccan Minister Nadia Fettah Advocates Economic Diversification for Growth at Davos

Moroccan Minister of Economy and Finance, Nadia Fettah Alaoui, delivered a compelling message at the World Economic Forum in Davos, emphasizing the critical need for economic diversification with a strategic focus on industry and tourism to foster growth. In an exclusive interview with CNBC Arabia,......

New Opportunity for Moroccans to Declare Foreign Assets

The Moroccan Foreign Exchange Office has introduced a year-long window for residents to disclose their previously unreported assets held abroad. The "Spontaneous Regularization Operation 2024” enables individuals and companies to anonymously step forward, paying a fixed penalty fee to legitimize......

AMMC Documents Update to Attijariwafa Bank's Certificate of Deposit Program

In a significant development, the Moroccan Capital Market Authority (AMMC) has officially recorded the latest update to Attijariwafa Bank's certificate of deposit (CD) issuance program. This momentous event, documented on December 28, 2023, under the reference EN/EM/038/2023, encompasses several......

Morocco's Inflation Outlook: Bank Al-Maghrib Forecasts a Decline on the Horizon

Morocco's central bank, Bank Al-Maghrib (BAM), envisions a promising trajectory for the country's inflation rate, forecasting a decline from 6.6% in 2022 to an average of 6.1% in 2023. Looking further ahead, the rate is anticipated to decrease even more, reaching 2.4% in both 2024 and 2025, according......

Cracking Down on Smokers: Morocco Hikes Cigarette Prices Yet Again

Moroccan smokers are set to experience a deeper dent in their wallets in the coming year as the government greenlights yet another increase in cigarette taxes. This move, embedded in the recently ratified 2024 budget, signifies the government's continued commitment to reducing smoking rates through......

Morocco Secures Billions in Short-Term Investments, Reflecting Strong Fiscal Health

The Moroccan Treasury is currently experiencing a surplus of funds, as announced by the Treasury and External Finance Department (DTFE) under the Ministry of Economy and Finance on Wednesday. A noteworthy influx of nearly 5 billion Moroccan dirham (approximately $500 million) in new short-term investments......