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Morocco Targets Five Percent Economic Growth by 2031

Morocco’s new government has set a target of five per cent average annual economic growth between 2027 and 2031, while pledging to keep the fiscal deficit below three per cent of Gross Domestic Product (GDP).

Prime Minister Fatima Ezzahra El Mansouri announced the targets on Monday while presenting her government’s 2026–2031 programme to parliament.

El Mansouri, who became the country’s first female prime minister after her party won the most seats in the September 23 parliamentary elections, said the government expected economic growth of 4.7 per cent in 2026.

She said the government also aimed to keep inflation at two per cent to protect citizens’ purchasing power and maintain economic stability.

READ ALSO: Morocco Appoints New Finance Minister

Other priorities include expanding the tax base, reforming income tax, increasing direct financial assistance to vulnerable households and reducing food prices.

The government also plans to increase private investment to two-thirds of total investment and reduce public debt to about 62 per cent of GDP by 2031.

Two percent of GDP by 2031.

El Mansouri said the administration would improve the efficiency of state-owned enterprises and introduce measures to criminalise illicit enrichment and conflicts of interest.

“We believe that institutions will not regain public trust without an effective fight against corruption and conflicts of interest,” she said.

The government is also under pressure to address youth concerns over unemployment, education and access to healthcare, following protests by young people last year.

El Mansouri said her administration would prioritise youth employment and entrepreneurship, alongside improvements in vocational training, education and health services.

The programme Is expected to guide the government’s economic and social policies over the next five years.

 

 

 

Reuters

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