Morocco: Selected Issues

October 7, 2008

Preview Citation

Format: Chicago

Morocco: Selected Issues, (USA: International Monetary Fund, 2008) accessed September 27, 2024

Also available in: français

Summary

This Selected Issues paper for Morocco discusses possible fiscal policy anchors, specifically deficit targets, and the sustainability of the resulting fiscal paths. Morocco has made great progress toward fiscal consolidation in recent years, under the combined effect of a strong revenue performance and efforts to tackle expenditure rigidities, notably the wage bill. Morocco’s low social indicators and large infrastructure needs could justify an increase in social spending and public investment. Morocco’s fiscal performance lags that of the better-rated emerging market economies.

Subject: Balance of payments, Current account, Financial services, Fiscal policy, Fiscal stance, Foreign exchange, Public debt, Real exchange rates, Real interest rates

Keywords: Africa, CR, Current account, Current account flow, Debt path, Elasticity to RER, Equilibrium current account, Exchange rate, Fiscal stance, GDP, GDP deflator, Global, ISCR, Morocco, Real exchange rates, Real interest rates

Publication Details

Pages:

33
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2008/331
Stock No:

1MAREA2008002
ISBN:

9781451824827
ISSN:

1934-7685

Notes

Also available online in French

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