Morocco's new government aims to deliver average annual economic growth of 5% between 2027 and 2031, up from the 4.7% expected this year, while holding the budget deficit below 3% of GDP, Prime Minister Fatima Zahra Mansouri said on Monday.

Presenting her five-year programme to parliament, days after cabinet members were sworn in before the Moroccan monarch, Mansouri said the government would seek to keep inflation at 2% "to protect purchasing power and stability" and bring public debt down to around 62% of GDP by 2031.

The plan includes broadening the tax base, amending income tax and raising the private sector's share of national investment to two-thirds. The government also pledged to bring food prices back to "reasonable levels" by securing strategic products, reforming the meat and fish sectors, and better balancing exports against domestic supply.

On the social front, direct support will be retargeted based on actual income and raised from 500 dirhams to 1,000 dirhams by the end of the government's term. Eligible households will automatically receive compensation equal to monthly water and electricity bills of up to 100 dirhams for their main residence, with no paperwork required. The minimum pension is set to rise to 3,000 dirhams, from about 1,000 dirhams under the social security fund and 1,500 dirhams in other schemes.

Mansouri also promised to criminalise illicit enrichment and penalise conflicts of interest under Article 36 of the constitution.

The programme comes as inflation eased to 0.3% in August from 0.6% in July, though a recent survey by the High Commission for Planning found more than 76% of Moroccan households reporting a decline in living standards.