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Morocco’s 2015 Budget Based on 4.4% GDP Growth, Earmarks $6 Billion for Debt Servicing

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Morocco has a 2015 budget that takes into account a 4.4% GDP growth, up from a projected 4.2% this year. For many, the forecast growth is a bit too optimistic and may be misleading. Morocco planning council HCP for its part projects a more sluggish 2.5% GDP growth, but that takes into account a barrel of oil priced at an average of $103. So far, the HCP may have to revisit its figure a bit upward considering oil prices at $20 below that level. Continue here.

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The North Africa Journal is a leading English-language publication focused on North Africa. The Journal covers primarily the Maghreb region and expands its general coverage to the Sahel, Egypt, and beyond, when events in those regions affect the broader North Africa geography. The Journal does not have any affiliation with any institution and has been independent since its founding in 1996. Our position is to always bring our best analysis of events affecting the region, and remain as neutral as humanly possible. Our coverage is not limited to one single topic, but ranges from economic and political affairs, to security, defense, social and environmental issues. We rely on our full staff analysts and editors to bring you best-in-class analysis. We also work with sister company MEA Risk LLC, to leverage the presence on the ground of a solid network of contributors and experts. Information on MEA Risk can be found at www.MEA-Risk.com.