7.2% increase in Treasury debt to MAD 1,071.5 billion

The structure of this debt remains dominated by its domestic component with a share of 75.9% while external debt represents 24.1% of the overall debt outstanding, specifies the DTFE in its recent economic report.

Thus, the Treasury’s external debt stock stood at MAD 258.4 billion, up 10.4% a year earlier, notes the same source.

And to note that the situation of the Treasury’s external borrowings generated a positive net flow (drawings – amortizations) of +5.5 billion dirhams at the end of October 2024 compared to +30.9 billion dirhams during the same period a year earlier which included an amount of 25 billion dirhams for the loan on the international financial market.

In this development, drawings stood at 24.9 billion dirhams against 39.3 billion dirhams, a drop of 36.6%, underlines the DTFE.

On the other hand, reimbursements showed an increase of 86.2% to stand at MAD 28.3 billion at the end of October 2024.

In terms of active management of domestic debt and with a view to readjusting its profile, the Treasury carried out bond exchange operations involving a total amount of MAD 40.4 billion at the end of October 2024 compared to MAD 53.2 billion at the end October 2023.