Middle East Economic Survey

VOL. XLVII

No 44

1-November-2004

BUDGETS AND REVENUES

Moroccos 2004 Budget Deficit Swells To 4.1% Of GDP

Moroccos 2004 budget deficit will reach 4.1% of GDP instead of the previously forecast 3%, according to the latest estimates from Moroccos Finance and Privatization Minister, Fathallah Oualalou. Following a review of the macroeconomic assumptions underlying the 2004 budget law, and in view of recent national and international developments, he said that projections for...