According to Attijari Global Research (AGR), the Ministry of Finance should remain at 58.2 billion DH, according to Attijari Global Research (LF 2025).
“The public debt should continue to rise in 2025 and our estimates in 2024 to reach 1,072 billion DH,” said AGR in his latest report “Focus – Focus -Budget”.
In detail, the interior debt in 2025 should reach 806 billion DH, an increase of +0.8% compared to its level at the end of 2024, while external debt was to increase by +18.9% and from 273 billion DH in 2024 to 324 billion DH in 2025 and also increases AGR.
Taking into account the LF Growth Forecasts for the Year 2025 to 4.6%, The Treasury Should Control Its DeBt Ratio Around 68.0% in 2025. The Latter would have Established 67.3% at the End of February 2025. 2025th and Should drop to 48.5% by the end of the year 2025, external Dehild Accelerate from 17.4% to the end of 2024 to 19.5% in 2025. This would have been 16.6% at the end of February 2025.
At the end of February, the total debt would have reached 1,119 billion DH, including 842 billion of internal notes. The weight of the external debt in the total debt of the Ministry of Finance should be checked at 25% at the end of February 2025. However, this should accelerate to 29% at the end of 2025, taking into account the high level of the external prints of the LF 2025 to 60 billion DH. However, this level is part of our reference benchmark between 25% and 30%.
