RABAT, Morocco — Morocco’s new government has set a target of achieving average annual economic growth of 5% between 2027 and 2031, outlining an economic programme that also focuses on purchasing power, employment, investment and public finances.
The target was announced by Head of Government Fatima Ezzahra El Mansouri on October 19, when she presented the government’s 2026–2031 programme to Parliament.
According to Reuters, the government expects the economy to grow by 4.7% in 2026. It also aims to keep inflation around 2% and the budget deficit below 3% of gross domestic product.
Jobs and purchasing power among key priorities
The programme includes plans to expand the tax base, reform income taxes, increase direct financial assistance to vulnerable households and take measures aimed at reducing food prices.
The government also intends to increase private investment to two-thirds of total investment and reduce public debt to approximately 62% of GDP by 2031.
These objectives could have important implications for Moroccan households, particularly if economic expansion translates into more employment opportunities, stronger wages and improved access to essential services.
However, achieving these outcomes will depend on how the announced measures are implemented and how their benefits are distributed across different regions and income groups.
Employment and public services remain challenges
The government has also identified youth employment, entrepreneurship, vocational training, education and healthcare as priorities.
These issues have remained central to public debate, particularly amid concerns about job opportunities and the quality of essential public services.
The administration has additionally pledged measures to combat illicit enrichment and conflicts of interest, arguing that stronger institutions and public trust are important to its economic programme.
Targets will need to be measured against results
The 5% growth objective is a government target, not a guaranteed outcome. Its impact will ultimately depend on economic conditions, investment levels, job creation and the effectiveness of public policies.
For citizens, the key questions will be whether growth creates more stable employment, helps protect purchasing power and improves the quality of public services.
A more recent budget outlook
In a separate development, Reuters reported on October 23 that Morocco’s draft 2027 budget forecasts economic growth of 3.7% in 2027, compared with an expected 4.7% in 2026. The figure is a near-term forecast, while the government’s 5% target represents its average annual growth objective for the 2027–2031 period. The two figures therefore refer to different timeframes and should be read in that context.
Source: Reuters — Morocco expects stable fiscal deficit despite tax cuts in 2027.
Source: Reuters, October 19, 2026, “Morocco’s new government targets 5% growth in 2027–2031.”
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