Morocco: Selected Issues

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Volume/Issue: Volume 2008 Issue 331
Publication date: October 2008
ISBN: 9781451824827
$18.00
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English
French
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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Banks and Banking , Exports and Imports , Economics- Macroeconomics , Public Finance , ISCR , CR , exchange rate , GDP , Morocco , current account flow , equilibrium current account , debt path , elasticity to RER , GDP deflator , Real exchange rates , Real interest rates , Current account , Fiscal stance , Africa , Global

Also of interest
Republic of Congo : 2001 Article IV
Spain
Peru
Malawi
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.

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