Morocco advances plan to bolster domestic weapons production
Morocco has approved the creation of a new state-backed company aimed at developing industrial zones dedicated to domestic defense production,
Morocco's Economy and Finance Minister, Nadia Fettah, today outlined the 2025-2027 budget plans focusing on reducing the budget deficit and securing long-term debt sustainability, while still strongly supporting social protection. Addressing the Finance and Economic Development Committee in Parliament, Fettah detailed strategies to lower the Treasury's debt ratio below 67% by 2027 through enhanced fiscal discipline, controlled spending, and increased revenues. She highlighted a 0.5% GDP decrease in the 2024 budget deficit and successes in financing social programs.
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