Morocco approved an additional MAD 20 billion ($2 billion) in budget spending to support subsidies, public institutions, and flood recovery efforts while maintaining fiscal stability targets. Officials said the measures will help stabilize butane gas and transport prices, finance emergency expenditures, and support state-owned companies. The government said stronger tax revenues, which increased 8.9% during the first four months of 2026, helped finance the additional spending without changing budget deficit projections.
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Morocco Adds $2bn to Budget Spending
Business
25/05/2026
Morocco approved an additional MAD 20 billion ($2 billion) in budget spending to support subsidies, public institutions, and flood recovery efforts while maintaining fiscal stability targets. Officials said the measures will help stabilize butane gas and transport prices, finance emergency expenditures, and support state-owned companies. The government said stronger tax revenues, which increased 8.9% during the first four months of 2026, helped finance the additional spending without changing budget deficit projections.
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