[ORGANIZATION]
Moroccan Authority of Capital Market
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Situations
Morocco fiscal deficit, rising debt, and widening trade gap
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Latest: Morocco trade deficit rises to 244.7 billion dirhams
In late July 2026, Morocco’s local authorities reported a June budget surplus of 8.25 billion dirhams, bringing cumulative local-government surpluses to 71 billion dirhams. This surplus was supported by an 8.6% increase