Morocco treasury financing requirement drops to MAD 21 billion by April 2026

The Treasury expenses and resources statement (SCRT) showed a financing requirement of 20.9 billion dirhams (MAD) at the end of April 2026, compared with 33.3 billion dirhams over the same period last year, according to the Ministry of Economy and Finance.

Net funds raised on the domestic market remained steady at around 19.2 billion dirhams, while net external borrowing stood at negative 2.5 billion dirhams, the ministry said in its latest SCRT report.

The flow of domestic borrowing consisted of subscriptions totaling 51.1 billion dirhams and principal repayments of 31.9 billion dirhams. External borrowing included drawdowns of 7.3 billion dirhams, along with amortization payments of 9.8 billion dirhams.

The SCRT is the statistical document that presents, on behalf of the Ministry of Economy and Finance, the results of the implementation of the Finance Law forecasts, with a comparison against outcomes recorded during the same period of the previous year.

While the statement produced by the Kingdom’s General Treasury (TGR) is fundamentally accounting-based, the SCRT captures, in line with international standards for public finance statistics, the economic transactions carried out during a budget period. In flow terms, it sets out ordinary revenue, ordinary expenditure, investment spending, the budget deficit, the financing requirement, and the financing mobilized to cover that requirement.