Morocco has revealed its 2026 finance bill framework, setting out an ambitious roadmap to position the kingdom among the world’s leading emerging economies.
The government announced the plan on Friday, August 8, 2025, outlining targets that blend economic growth with social fairness and regional balance.
The finance bill aims for a 4.5% growth rate, a budget deficit capped at 3% of GDP, and debt stabilization at 65.8%.
Central to this vision are four pillars: supporting growth, enhancing social cohesion, rebalancing territories, and ensuring fiscal sustainability.
Major infrastructure projects are earmarked to drive this agenda. Among them, €14.8 billion is allocated for expanding the Royal Air Maroc fleet, €8.9 billion for the Kenitra–Marrakech high-speed rail line, and €2.3 billion for modernizing airports. The bill also prioritizes strategic investments in gas and green hydrogen, seeking to boost Morocco’s energy sovereignty and align the country with the global green transition.
Territorial transformation features prominently, with integrated programs designed to reduce regional disparities by leveraging local strengths, boosting employment, and modernizing public education and health services. Sustainable management of water resources is also a key focus.
On the social front, the government plans a shift towards direct and conditional support aimed specifically at the most vulnerable households. This approach reflects a commitment to making social justice a natural outcome of productive economic growth rather than a mere corrective measure.
The bill further confirms ongoing structural reforms targeting public sector modernization, optimizing territorial administration, rationalizing expenditures, and restructuring public enterprises. These efforts aim to sharpen public enterprises’ focus on strategic sectors and diversify their financing.
This strategic roadmap follows the themes of the 2025 Throne Speech, in which King Mohammed VI called for accelerated territorial development, preparation of the General Code of Legislative Elections, and the consolidation of Morocco’s economic progress. The speech also reaffirmed Morocco’s commitment to regional cooperation, extending a hand to Algeria and emphasizing dedication to the Maghreb Union.
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