Finance minister Fouzi Lekjaa presented the draft finance law for 2027 to parliament on Friday 23 October, the first budget of the new government. According to the bill's documents, 10.4 billion dirhams in investment credits go to the housing sector, including the continuation of direct aid for buying a home.
That scheme, which gives buyers a direct contribution towards the purchase of a home, had around 128,000 beneficiaries at the end of September 2026, and the government intends to keep it running. It also plans to speed up work on substandard housing and to launch an integrated rural housing programme with simpler planning and building procedures in rural areas.
A new element is an affordable rental housing programme, part of a national youth plan for 2027 to 2031 budgeted at about 6 billion dirhams. The state wants to make public land available to investors who build rental homes for young workers, students, newly formed households and employees who move to another region for work. Contracts with investors will set rent ceilings, operating periods and the conditions for using the land. No rent levels have been published yet.
The budget assumes economic growth of 3.7% in 2027, after an expected 4.7% in 2026, and a budget deficit of 3% of GDP. Treasury debt is projected to ease from 67.5% to 66.9% of GDP. Parliament will now debate the text, and the measures may still change during that process.
