Morocco’s tax revenues increased by MAD 25.1 billion by the end of June 2025, a 16.6% rise compared to the same period in 2024, Minister Delegate for the Budget Fouzi Lekjaa announced on Monday before the House of Representatives.
Responding to a question on “evaluating the effects of tax reform measures on public finances,” Lekjaa stated that corporate tax (IS) revenues reached MAD 13.1 billion, while personal income tax (IR) and value added tax (VAT) revenues rose by 6.7% and 3.1%, respectively.
The minister attributed the impact of the tax reform to a broader tax base and stronger efforts to combat fraud and tax evasion. He stressed that the aim is to create a fairer and less burdensome tax system for all citizens, noting that such reforms must be implemented progressively.
Lekjaa added that the government expects to close 2025 with a budget deficit of around 3.5% and a debt to GDP ratio below 67% with the goal of reducing the deficit to 3% and the debt ratio to below 66%, "to ensure the sustainability of public finances and avoid compromising future generations".
He emphasized that the tax reform, described as one of the most significant changes in Morocco’s public finance sector in recent decades, had already raised an additional MAD 102 billion in tax revenue by the end of 2024. These funds, he noted, have helped support social reforms, wage increases, and other socially focused initiatives.
MAP: 15 July 2025
