(Reuters) – Morocco’s review of the 2020 budget expects the fiscal deficit at 7.5% and growth at -5% and provides for measures to shore up the economy, the Royal cabinet said on Monday.
The new budget was examined in the wake of the coronavirus outbreak at a ministerial council chaired by King Mohammed VI.
It provided for a set of measures to shore up the economy including an interest rate cap of 3.5% for loans to businesses.
(Reporting by Ahmed Eljechtimi, Editing by Franklin Paul)
