Morocco: Selected Issues

International Monetary Fund

No 2008/331, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: 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 (search for similar items in EconPapers)
Pages: 33
Date: 2008-10-07
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