VOL. XLIII

No. 03

17-January-2000

MOROCCO

Morocco Meets Budget Deficit Expectations For 1998-99 Fiscal Year

Morocco did not exceed the targeted budget deficit for the 1998-99 fiscal year, as might have been expected given the difficult economic conditions that the country experienced. According to the Moroccan news agency MAP, closed accounts reveal that the 1998-99 budget deficit did not exceed MD8.1bn ($810mn), or 2.3% of GDP (2.5% of GDP excluding revenues from privatization), compared to the...