Morocco debts soar to MAD 587bln

July 18, 2015 9:48 AM

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Morocco debts soar to MAD 587bln

The Moroccan government revealed in a special report that the annual debt surged by 6%, reaching 3300 billion centimes in 2014, compared to the previous year.

The volume of the treasury debt, both internal and external, amounted to MAD 587.4 billion in June 2014 against MAD 554.3 billion in 2013, rising MAD 33.1 billion.

The report showed that the internal debt rose by 5.4%, while the external debt increased by 7.6%.

The government has six years and three months to pay off its treasury debt against five years and six months in 2013, registering a 9-month increase.

On the internal debt level, the Ministry of Economy and Finance’s results showed that MAD 23.9 billion were paid off through 15 repayment processes in the first half of 2014.

Source: english.mubasher.info

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