FINANCIAL AND BANKING NEWS
BUDGETS AND REVENUES
Moroccan Deficit to Increase Sharply
The Moroccan government's budget deficit for 1987 is to grow by 35% toMD9,790mn ($1bn), according to the budget presented to parliament on 4 Novemberby the Finance Minister, Mr. Mohamad Berada. Mr. Berada also released estimatesshowing that the actual deficit incurred during 1986 is of the order of MD9bnrather than the MD7.28bn which had been budgeted. Nevertheless, he pointed out...