Morocco’s Ordinary Revenues Grow by 12.3% Annually Between 2021 & 2023

A recent report by Morocco’s Ministry of Economy and Finance revealed that the country’s ordinary revenues grew at an average annual rate of 12.3% between 2021 and 2023. This increase resulted in over 95 billion MAD in additional revenue compared to 2020, highlighting the success of Morocco’s financial and economic policies.

Key Factors Behind Revenue Growth

Several factors contributed to this significant rise in ordinary revenues, including:

• Improved economic performance across industries such as manufacturing, agriculture, and services, leading to higher tax revenues.
• Tax reforms that enhanced compliance and improved collection efficiency.
• Recovery of commercial and investment activities, particularly after the global pandemic.
• Digitalization of financial and administrative transactions, which streamlined tax collection and reduced tax evasion.

Impact on the Economy

This revenue growth has positively impacted Morocco’s economy by:

• Reducing fiscal deficits, ensuring greater financial stability.
• Increasing public spending on key sectors, such as education, healthcare, and infrastructure.
• Enhancing Morocco’s credit rating, boosting investor confidence and attracting foreign investments.

Future Outlook

Morocco is expected to maintain sustainable revenue growth, supported by ongoing tax reforms and an expanding tax base. Additionally, advancements in digitalization and investment incentives will further contribute to long-term financial stability.

According to the Ministry of Economy and Finance, Morocco is on the right path toward stronger financial stability due to rising ordinary revenues. With continued economic policies and digital transformation, the country is set to achieve further fiscal improvements and sustainable growth.

Source : ipst.education/news