Morocco’s draft 2026 finance bill further reduces the number of treasury special accounts, bringing them down to 55 from 69 a year earlier, a decrease of 14 funds, according to official budget documents released this week.
Despite the reduction, allocations for these accounts remain substantial, totaling 154.47 billion dirhams. The Social Protection and Solidarity Fund tops the list with 36.49 billion dirhams, followed by allocations for local governments through value-added tax revenue shares amounting to 57.59 billion dirhams and a separate regional fund worth 9 billion.
Development-oriented funds continue to absorb large portions of spending, including 5.72 billion dirhams for housing and urban integration, 5 billion each for earthquake recovery and integrated territorial development, 4.2 billion for agricultural development, and 3.35 billion for investment promotion.
A report attached to the bill highlights a sharp rise in resources and expenditures across these funds since 2023, driven mainly by social protection, local government transfers, and post-earthquake reconstruction efforts in Al Haouz.
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