Morocco is drafting a budget bill for 2024. The forthcoming bill expects an inflation rate of 3.4%, a sharp decline from the current year’s projection of 5.6%. The government’s target is to trim the budget deficit from 4.5% in 2023 to 4% in 2024. Key initiatives include improving subsidy accessibility for the most vulnerable and boosting agricultural productivity, especially given the recent droughts that have hampered production.