Morocco’s 2025 Finance Bill: A Focus on Boosting Tax Resources
The recently revealed Finance Bill No. 60.24 for 2025 highlights the Moroccan government’s commitment to enhancing tax revenues while increasing public spending and investments. The key goal is to reduce the budget deficit to 3.5% of GDP, a decrease of 0.5 percentage points from the previous year.
To achieve this target, the government plans to ramp up revenues from domestic consumption taxes on alcohol, beer, and tobacco products. The bill projects a 14.49% increase in total revenues for 2025, reaching 657.8 billion dirhams.
Specifically, tax revenues from alcohol, beer, and tobacco are expected to contribute significantly, with a total anticipated revenue of 16.44 billion dirhams in 2025. While tobacco taxes remain a strong revenue driver, concerns have been raised about the disparity between tobacco tax revenues and those from the Office Chérifien des Phosphates (OCP).
The 2025 Finance Bill emphasizes the government’s reliance on stable tax sources, with a particular focus on consumption taxes from widely consumed products like alcohol and beer. Overall, the bill foresees a considerable increase in total tax and non-tax revenues, with taxes accounting for 80% of the total revenue projection.