Morocco's Treasury Needs Drop to 37.1 Billion Dirhams

Morocco's Treasury faced financing needs totaling 37.1 billion dirhams by the end of May 2026. This figure represents a decrease compared to the 44.6 billion dirhams recorded during the same period in the previous year, according to the Ministry of Economy and Finance.

The ministry's latest report on the Treasury's revenue and expenditure status indicates that net financing was primarily sourced from the domestic market, which accounted for 22.2 billion dirhams. External loans contributed an additional 21.1 billion dirhams to meet the financing requirements.

Within the domestic debt flow, subscriptions reached 63.5 billion dirhams, while principal repayments amounted to 41.3 billion dirhams. On the external debt front, withdrawals totaled 32.7 billion dirhams, with 23.7 billion dirhams raised from the international financial market. Debt redemptions stood at 11.6 billion dirhams.

The Treasury's revenue and expenditure status document is an statistical report that presents the results of the finance law's execution. It compares current achievements with those from the same period in the prior year. While the document from the Treasury General of the Kingdom is purely accounting in nature, the revenue and expenditure status report, in line with international standards for public finance statistics, examines economic transactions during the budget period. It details the flows of ordinary revenues, ordinary expenditures, investment expenditures, budget deficits, financing needs, and the financing mobilized to cover these needs.