- Targets for 2031
- Commitment to sovereignty in key sectors
- Economic Structures and Private Investment
The Moroccan Prime Minister, Fatima Zahra El Mansouri, presented the government’s programme to Parliament in a bid to secure its confidence. The document sets a target of 5 per cent average annual economic growth between 2027 and 2031, accompanied by inflation of around 2 per cent to preserve citizens’ purchasing power.
The programme, drawn up by the government officially appointed by King Mohammed VI on 16 October, proposes a comprehensive strategy covering water, food and energy security, as well as environmental protection. It also highlights the new geostrategic, digital and scientific risks that will shape the coming years.
Targets for 2031
The Moroccan Government’s new programme aims to maintain the budget deficit at around 3 per cent of GDP between 2026 and 2031, a target it intends to achieve by broadening the tax base and managing public expenditure more efficiently.
In this regard, the Government aims to gradually reduce public debt to around 62 per cent of GDP by 2031, by strengthening the contribution of public institutions and enterprises.
With regard to energy sovereignty, El Mansouri is committed to promoting renewable energy, which should account for more than 52 per cent of the national energy mix by 2030, prioritising green hydrogen and gradually expanding the roadmap for gas infrastructure. The aim is to improve energy efficiency and rationalise energy demand, which continues to grow.
As for water security, the Government is committed to diversifying supply sources, building dams more rapidly – particularly in the most vulnerable areas – and completing the desalination plants currently under construction. The aim is to mobilise a total of 1,800 million cubic metres of water between now and 2031.
Commitment to sovereignty in key sectors
The programme also includes the completion of water transfer projects between catchment areas and regions where necessary, without compromising the water balances of the affected areas. All of this forms part of a National Water Plan that serves as a long-term strategic framework, taking into account natural, climatic, economic and social specificities, and harmonising policies on water, agriculture, energy, the environment and land-use planning.
On the issue of food security, El Mansouri highlighted the shift from short-term support to controlling the factors of production, through the launch of a seed sovereignty programme that will increase the national share from 20 per cent to 50 per cent over the period. This will be complemented by measures such as ensuring market supply, reviewing cereal reserves and controlling exports of sensitive crops.
The Head of Government also emphasised the need to support the restructuring of the livestock sector by facilitating access for young livestock farmers to high-yield breeds, supporting local breeds and strengthening epidemiological and health surveillance.
In terms of digital sovereignty, the programme envisages an integrated national framework for cybersecurity, data protection and critical systems, and aims to expand internet access, particularly in remote areas, and to establish a framework for secure and responsible artificial intelligence.
In parallel with this, the Government has committed to creating favourable conditions for investment and to supporting innovative start-ups, with a view to strengthening industrial sovereignty and the country’s position within value chains, by promoting the ‘Real African’ and ‘Atlantic’ initiatives, and by developing maritime routes, logistics, energy, new trades and low-carbon industries.
In this vein, the Prime Minister spoke of creating the conditions for a defence industrial and technological base, by improving the legal framework, competitiveness and incentives. The formation of a robust and competitive national merchant fleet was also announced, along with the acceleration of major port projects and the associated logistics and industrial zones.
Economic Structures and Private Investment
The new government programme places the strengthening of the economic structure amongst its main priorities. Its aim is to drive growth with higher added value and generate new employment opportunities. To achieve this, it proposes diversifying the economy through technology, the energy transition, and digital and scientific sovereignty.
The Government also aims to strengthen the industrial base and domestic production to reduce dependence on imports, particularly of manufactured goods. Through this strategy, it seeks to improve competitiveness and move towards a more diversified and sustainable production model.
Investment in infrastructure, agricultural modernisation and the development of new sectors are also key pillars of the programme. In the tourism sector, the Government has set out a roadmap for 2027–2030 aimed at attracting 26 million visitors by 2030. This will also boost cooperatives, the social and solidarity economy, and the sports economy.
Another priority is to increase the private sector’s share of national investment to two-thirds. For this reason, the Government will strengthen mechanisms to support investment and accelerate committed projects, making progress on the reform of regional investment centres and facilitating access to finance for SMEs.
Within this framework, the programme also aims to mobilise more financial resources in support of productive investment, major projects, innovation, the manufacturing industry and exports. The Government will therefore collaborate with the financial sector to expand bank and non-bank financing, mobilise national savings and revitalise the capital markets.
The Government concluded by emphasising the importance of accelerating the restructuring of the public sector portfolio and improving the financial situation of state institutions and enterprises, which are considered essential for implementing the country’s economic and social priorities.