IMPACT DE LA CRISE SANITAIRE SUR LES FINANCES PUBLIQUES AU MAROC

Economic development requires exceptional financial stability toensure effective investments. In 2020, the world suffered a health crisiswith massive economic repercussions, especially in internationalbusiness activities. These disruptions caused by Covid-19 have blurredthe socio-economic environment in Morocco. Indeed, the suspension ofeconomic activities due to the sanitary quarantine has negativelyimpacted national production. Generally, crisis management requires asignificant mobilization of funds by the State. In this context, we havetried in this book to measure the impacts of this unprecedented crisis onpublic finances in Morocco. We began by analyzing historical trends inthe main macroeconomic and public finances indicators before andduring the pandemic. Then, to assess the future projections of thevarious public revenues and expenditures, we developed aneconometric model using the Structural VAR approach based on a panelof data of the various budgetary revenues and expenditures from Q12009 to Q2 2020. Our results suggest that public spending could be anexcellent way to boost our country's economic recovery.