Morocco Records 92,000 New Businesses in 2025 as Reforms Drive Growth

Agadir – Morocco created more than 92,000 businesses in 2025, setting a new national record, Head of Government Aziz Akhannouch announced during a plenary session at the House of Councillors focused on evaluating government performance.

Akhannouch attributed this surge to a series of reforms aimed at improving the business market and easing administrative procedures for investors to attract innovative national and international businesses. 

The government has reduced the number of documents required for project developers by around 45%, while also digitizing and accelerating 22 administrative decisions related to investment, particularly in obtaining operating and construction permits.

“These measures have had a clear impact on the dynamics of business creation,” Akhannouch said, pointing to the record number of newly established companies.

Akhannouch also highlighted progress in addressing payment delays, noting that nearly 70% of businesses now comply with legal payment deadlines following reforms to strengthen enforcement.

Corporate debt has also declined significantly, dropping from MAD 373 billion ($ 40 billion) to approximately MAD 315 billion ($34 billion), reflecting improved financial conditions and growing trust between businesses and public institutions.

“We managed back in 2020, the budget deficit was 7% but despite these challenges, we were able to reduce it to 3.5% in 2025, with a forecast of reaching 3% in 2026. Moreover, the results coming from the Ministry of Finance indicate that by the end of last month, the deficit has already reached 3%,” Akhannouch said, commenting on the deficit rate. 

Morocco has also made progress in improving its public finances, with a steady decline in the debt ratio over recent years. According to Akhannouch, the ratio dropped from 72.2% in 2020 to 67.2% in 2025, and is projected to reach 65.9% by the end of this year. 

“We have also reduced the debt ratio, which was 72.2% in 2020 and 67.2% in 2025, with an expected level of 65.9% by the end of this year compared to the previous result,” he added. 

This downward trend indicates a gradual reduction in the country’s reliance on debt relative to its economic output, reflecting efforts to strengthen fiscal discipline and maintain macroeconomic stability.

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