Overall Fiscal Balance for General Government for Morocco
MARGGBGDPGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-6.20
Year-over-Year Change
-5.78%
Date Range
1/1/2000 - 1/1/2023
Summary
The Overall Fiscal Balance for General Government for Morocco measures the difference between a government's total revenue and total expenditures. It is a key indicator of a country's fiscal health and sustainability.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Overall Fiscal Balance for General Government tracks the net lending or borrowing position of Morocco's public sector, including the central government, local governments, and social security funds. This metric is widely used by economists and policymakers to assess the government's fiscal policy and its impact on the broader economy.
Methodology
This data is collected and reported by the International Monetary Fund (IMF).
Historical Context
The fiscal balance is an important consideration for investors, credit rating agencies, and international institutions when evaluating a country's economic and financial stability.
Key Facts
- Morocco's fiscal balance as a % of GDP was -3.7% in 2020.
- The fiscal balance has improved from a deficit of 7.6% of GDP in 2012.
- Morocco aims to reduce its fiscal deficit to 3.5% of GDP by 2023.
FAQs
Q: What does this economic trend measure?
A: The Overall Fiscal Balance for General Government for Morocco measures the difference between the government's total revenue and total expenditures as a percentage of GDP.
Q: Why is this trend relevant for users or analysts?
A: The fiscal balance is a key indicator of a government's fiscal health and sustainability, and is closely monitored by investors, credit rating agencies, and international institutions when evaluating a country's economic and financial stability.
Q: How is this data collected or calculated?
A: This data is collected and reported by the International Monetary Fund (IMF).
Q: How is this trend used in economic policy?
A: Governments use the fiscal balance as a tool to manage their public finances and achieve their fiscal policy objectives, such as supporting economic growth, reducing debt levels, or maintaining a stable macroeconomic environment.
Q: Are there update delays or limitations?
A: The fiscal balance data is typically published by the IMF on a regular basis, with some potential delays in the release of the most recent figures.
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Citation
U.S. Federal Reserve, Overall Fiscal Balance for General Government for Morocco (MARGGBGDPGDPPT), retrieved from FRED.