Morocco Needs to Widen Tax Base, Cut Spending to Boost Jobs: IMF

Feb. 10, 2025, 3:31 PM UTC

Morocco needs to further widen the tax base and curb spending to help continue financing structural reforms, the International Monetary Fund says after concluding Article IV Consultation.

  • Structural reforms need to focus on boosting job creation through “better targeted” market labor policies and the consolidation of programs to support small and medium firms
  • Economic growth expected to accelerate to 3.7% this year versus 3.2% in 2024 on a “projected rebound” of farming output and “robust” growth in other sectors amid strong domestic demand
  • Inflation is expected to stabilize at around 2% and this should encourage the Moroccan central bank to ...

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