Morocco approved 20 billion dirhams ($2 billion) in additional budget credits for the 2026 fiscal year to address the impact of the Middle East war, support consumer subsidies and finance flood related recovery measures, according to a decree published in the latest edition of the official gazette.
The emergency allocations include 8 billion dirhams earmarked for subsidy support through the compensation fund and the National Office for Cereals and Pulses, as authorities seek to preserve household purchasing power by stabilizing butane gas prices and transport costs.
Another 4 billion dirhams was allocated to support social policies, sectoral strategies and strategic investment projects through transfers to public institutions and state owned companies under the investment budget of the Economy and Finance Ministry.
The decree also allocated 2 billion dirhams to the Natural Disaster Effects Mitigation Fund through treasury special accounts, following flooding episodes that affected parts of northern and western Morocco in recent months.
An additional 2 billion dirhams was directed toward equipment and miscellaneous expenditures through reallocations from the government’s emergency and reserve expenditure program.
Budget minister Fouzi Lekjaa said the supplementary credits would help shield the compensation fund from rising international pressures and cover exceptional expenditures not initially foreseen in the 2026 finance law, particularly those linked to international developments.
The decree was adopted under constitutional emergency budget provisions and organic finance law mechanisms allowing the government to open additional credits during the fiscal year after informing parliamentary finance committees.
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