Morocco: Debt at 'Manageable' Levels (Official)

Morocco: Debt at 'Manageable' Levels (Official)
Monday 19 July 2021 - 12:36

Morocco’s debt remains at “manageable” levels and solutions are possible to reduce its burden on growth potential, said the high commissioner for planning, Ahmed Lahlimi Alami.

“Government debt is a common problem in all countries today. In our opinion, ours remains at manageable levels. Solutions are possible to reduce its burden on our growth potential (…),” said Lahlimi in the introduction of the 2022 Exploratory Economic Budget that was published by the High Commission for Planning (HCP).

“We would like to see a debate on this matter, which we believe is more topical than ever,” he added.

Lahlimi also pointed out that in this context, which is among the most complicated the world has ever known, Morocco, with the High Royal Instructions, has been able to serenely defend its superior interests and consolidate its specific weight on the international scene thanks to the state obligations that have presided over the new dynamism of the implementation of the mechanisms provided for by the 2011 Constitution, in particular those with a participatory vocation, and, on the economic level, a more proactive public policy of industrial diversification of the national economy.

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