El‑Homsani, the official spokesperson
for the Prime Minister’s office, said that the Prime
Minister reiterated during the meeting that reducing public and external debt
and easing its servicing burden is a primary objective for the government at
this stage.
El‑Homsani added that Dr. Madbouly
confirmed that the government is pursuing a comprehensive strategy to
strengthen fiscal discipline and improve the debt structure, ensuring that
greater resources are allocated to service sectors.
He noted that the meeting reviewed the government’s plan for
external debt governance and borrowing regulation, which establishes a general
framework to keep external debt movements within safe limits as a percentage of
Gross Domestic Product (GDP). The plan also includes restructuring external
debt through debt-for-investment and debt-for-development swaps, as implemented
with several Arab, European, and Asian countries.
El‑Homsani further explained that the
meeting addressed the role of the National Structural Reform Program as a tool
to improve macroeconomic indicators and enhance external debt sustainability.
It was highlighted that the structural reform program aims to increase GDP at
rates exceeding debt growth and to strengthen the capacity to repay external
debt.
The meeting also reviewed developments in external debt and
its sustainability indicators during the 2024/2025 fiscal year, confirming that
the external debt-to-GDP ratio remained within safe limits, and that the total
debt did not exceed the ceiling set as a percentage of GDP.