Morocco’s rating on long-term sovereign foreign currency issues is BB+, certified by the rating agency Fitch Ratings. This rating also shows stable prospects.
Morocco’s military spending has exploded in 10 years, reaching $4.8 billion in 2020. This is revealed by the report of the Stockholm International Peace Research Institute (Sipri) .
In Morocco, the Situation of Treasury Charges and Resources (SCRT) at the end of March 2021 is marked by a deficit of 6.7 billion dirhams compared to the same period last year, which had seen a surplus of 5.6 billion dirhams.
Through its Agricultural Development Fund (FDA), Morocco will support its agricultural sector by injecting some 4.5 billion dirhams in 2021. This is at least what the Ministry of Agriculture has indicated, specifying that this envelope has increased by 7% compared to last year.
For the account of this year 2021, the total debt of the Treasury will stand at 908 billion dirhams (MMDH). This is what Attijari Global Research (AGR) announces.
The rating agency Standard & Poor’s has lowered Morocco’s sovereign rating from "BBB-/A-3" to "BB+/B". This emerges from the assessment published on April 2.
The Ministry of Economy, Finance and Administrative Reform indicated that at the end of December 2020, the Amended Finance Act (LFR) revealed a budget deficit of 82.4 billion dirhams (MMDH) or 7.6% of GDP. This despite a number of uncertainties and in compliance with the State’s commitments under the strategy to support social and economic sectors and post-Covid recovery.
The Board of Directors of the Société Nationale des Autoroutes du Maroc (ADM) has approved the financing contract with the European Investment Bank (EIB). It is a loan of 85 million euros.
The health crisis due to the coronavirus and the halt in tourism activities have led to a sharp deterioration in Morocco’s fiscal situation, according to a statement from the International Monetary Fund (IMF).
The 2021 budget project of the Salé city hall was rejected by the Ministry of the Interior following the approval of the City Council during the last session.
390.92 million dirhams (MDH) is the budget allocated to investment for the Department of Housing and Urban Policy, for the year 2021. A budget down compared to 2020, which was 491.62 MDH, said the Minister of National Land Use Planning, Urban Planning, Housing and City Policy, Nouzha Bouchareb.
The investment budget of the Ministry of Industry, Trade and Green and Digital Economy for the year 2021 amounts to nearly 1.21 billion DH, according to Moulay Hafid Elalamy .