Agadir's Strategic Financial Approach for 2027
In its final year of tenure, the Agadir Municipal Council has opted to fortify its financial achievements while prioritizing ongoing construction projects. During the ordinary session held on Wednesday, October 7, the council adopted the 2027 budget, which is anchored in a dual imperative: adhering to the city's financial commitments and advancing the initiatives outlined in the 2022-2027 Municipal Action Program.
The budget forecasts operational revenues of 850 million dirhams, reflecting a 7.46% increase compared to the 2026 budget. Meanwhile, expenditures are projected to reach 571.7 million dirhams, marking a 5.68% rise. This accelerated growth in revenue will generate a projected surplus of 278.3 million dirhams, earmarked for financing equipment and infrastructure projects.
This financial flexibility is the culmination of a deliberate evolution spanning several years. From 2022 to 2025, the municipal operating revenues have surged from 514.6 million dirhams to 818.4 million dirhams, representing an impressive growth of 59%. Revenues directly managed by the city have seen an even more substantial increase of 86% during this period.
Debt Reduction and Project Continuation
Despite these advancements, the 2027 budget still reflects the significant burden of debt on municipal finances. Out of the 278.3 million dirhams allocated for equipment, 170 million dirhams will be directed towards repaying the principal of existing debt, accounting for over 60% of the total budget for equipment. This allocation leaves 108.3 million dirhams available for the continuation or completion of several initiatives under the Municipal Action Program. Notable projects include urban developments in Tikiouine and Bensergao, a football field, and initiatives pertaining to sanitation and water management.
Thus, this final budget of the current mandate is seen more as an exercise in completion and consolidation rather than the initiation of new large-scale projects. The municipality aims to fulfill previously made commitments, continue reducing its debt, and maintain its self-financing capabilities. Achieving this balance will be crucial moving forward, as the focus will not only be on executing ongoing projects but also on preserving sufficient financial margins to ensure that the city can continue to invest without undermining the financial stability built over the past years.
As reported by lavieeco.com.
