"The government will need some external support for the 2012 budget. It will most likely come from the French Development Agency, France or other Western countries," said the official at the international financial institution.
Morocco may obtain funds from a multi-billion dollar initiative to help countries affected by the Arab Spring that was announced by the Group of Eight nations in Deauville, France last May.
But the Moroccan government could also help itself and generate “a lot of money” by enforcing more transparency in its public procurement, the official said, for example by “eliminating discretion in awarding licences for transport or high-sea fishing”.
But then again, my question about this ‘formal accounting’ look continues. One person from Morocco on an internet forum wrote ‘actually, Morocco’s budget has never been in balance’ = why worry? no need to worry. France, Saudi, Spain - all these have stakes in Morocco’s stability. And informal sector within Morocco. … Still probably it’s meaningful to look at indicators huh.