Morocco reportedly to inject 20 billion dirhams into 2026

Morocco plans to add 20 billion dirhams to its 2026 budget to finance measures aimed at cushioning the impact of the conflict in the Middle East on the domestic market, a government source told Reuters on Thursday.

Government spokesperson Mustapha Baitas announced the measure on Thursday without disclosing the amount of the additional funding.

He said the budget adjustments aim to mobilize reserve funds to mitigate the repercussions of the Middle East conflict, support citizens’ purchasing power, maintain stable prices for cooking gas, transport services, and electricity, and address the impact of flooding in northern Morocco, as well as other unforeseen expenses linked to the international situation.

The Government Council adopted the same day draft decree No. 2.26.395 opening additional appropriations for the general budget, in accordance with Article 60 of the organic law on the Finance Act. The additional funding will also be used to support several public institutions and enterprises facing exceptional costs linked to the international situation.

The additional funding comes amid unprecedented disruptions in global energy supplies caused by the war in the region, a particularly sensitive issue for Morocco, which imports most of its oil, gas, and coal and lacks domestic refining capacity.