Middle East Economic Survey
Moroccos 2006 Budget Deficit To Fall To $36Mn
Moroccos 2006 budget deficit is projected to fall to an acceptable MD326.3mn ($35.7mn) from MD707mn ($77.3mn) projected in 2005 (MEES, 24 January 2005). Total revenues are forecast at MD197.1bn ($21.58bn) while expenditures total MD197.5bn ($21.59bn). The budget, based on a realistic oil price of $60/B, is focused on restraining expenditures and increasing revenues. Revenues from the...