IBOV 205,082.56 ▲ 0.47% IPSA 10,746.36 ▼ 0.31% IPC MEX 69,879.62 ▼ 0.01% MERVAL 3,017,221 — — COLCAP 2,540.10 ▲ 0.46% BVL PERÚ 57,021.19 ▲ 0.13% USD/BRL5.00▲ 0.62% USD/MXN18.65▼ 0.34% USD/CLP994.76— 0.00% USD/COP3,145▼ 1.32% USD/PEN3.45▲ 0.29% USD/ARS1,529▲ 0.10% USD/UYU40.08▲ 2.99% USD/PYG5,760▲ 3.42% USD/BOB11.78▲ 3.59% USD/DOP61.09▲ 2.49% USD/CRC452.44▲ 2.51% USD/GTQ7.64▲ 3.15% USD/HNL26.87▲ 3.24% USD/NIO36.62▲ 0.04% USD/VES884.01▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD 157.28 — 0.00% USD/TTD6.72▲ 2.14% EUR/BRL5.56▼ 1.39% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73% IBOV 205,082.56 ▲ 0.47% IPSA 10,746.36 ▼ 0.31% IPC MEX 69,879.62 ▼ 0.01% MERVAL 3,017,221 — — COLCAP 2,540.10 ▲ 0.46% BVL PERÚ 57,021.19 ▲ 0.13% USD/BRL 5.16 ▲ 0.01% USD/MXN 17.06 ▼ 0.24% USD/CLP 913.98 ▲ 0.04% USD/COP 3,140 ▲ 0.03% USD/PEN 3.36 ▼ 0.66% USD/ARS 1,493 ▲ 0.10% USD/UYU 40.27 ▲ 1.24% USD/PYG 5,939 ▲ 1.68% USD/BOB 11.64 ▼ 0.76% USD/DOP 58.34 ▲ 1.25% USD/CRC 445.92 ▲ 0.89% USD/GTQ 7.62 ▲ 2.21% USD/HNL 26.79 ▲ 1.57% USD/NIO 36.62 ▲ 0.69% USD/VES 762.44 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.28 — 0.00% USD/TTD 6.70 ▲ 0.61% EUR/BRL 5.95 ▲ 1.01% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73%
since 2009
Saturday, October 24, 2026

Morocco Africa

Morocco Arms Buying Cap Rises to US$19B

By · October 24, 2026 · 6 min read
A Royal Moroccan Air Force F-16 jet in desert camouflage banks against a clear blue sky
Photo: Senior Airman Malcolm Mayfield via Wikimedia Commons

MOROCCO · DEFENSE

Key Facts

  • —What is happening Morocco’s 2027 budget bill, presented to Parliament on Friday, 23 October, lets the defense minister sign arms and equipment deals worth up to MAD 190.5 billion (about US$19.4 billion) in advance.
  • —Why it matters The cap is 21% above the 2026 level and 53% above 2024, which gives a country that flies US built jets room for more arms orders.
  • —The numbers The cap rises from MAD 157.2 billion (about US$16.0 billion) to MAD 190.5 billion (about US$19.4 billion), while the 2027 cash for the equipment account stays near MAD 11.5 billion (about US$1.2 billion).
  • —Who is who The Royal Armed Forces are Morocco’s military; Abdellatif Loudiyi runs the defense administration, and Fouzi Lekjaa, the finance minister, presented the bill in the government of Fatima Zahra El Mansouri.
  • —What to watch Parliament now debates the bill, and the next signs are named contracts, including any US ones, plus the final vote, which has no date yet.
  • —What it means for you For US readers, this is permission to commit money, not a signed order, but it gives room for US jet, vehicle and training orders that US firms and the Pentagon serve.

Morocco wants the legal room to order up to US$19.4 billion of military equipment in advance. The request sits in the 2027 budget bill that the finance minister presented on Friday, 23 October.

Morocco’s government has asked Parliament to lift the Morocco arms buying cap to MAD 190.5 billion (about US$19.4 billion). The request is Article 36 of Finance Bill No. 60.26, presented by Finance Minister Fouzi Lekjaa on Friday, 23 October.

For a US reader, the number matters because Morocco flies US built F-16 jets and C-130 transport planes. It is a ceiling on future orders, not cash spent in 2027, and no contract has been named.

What Article 36 of the Budget Bill Says

The bill’s Arabic text lets the defense minister commit up to MAD 190.5 billion (about US$19.4 billion) in 2027. The finance ministry site publishes the text, and the money comes from credits that Parliament would open in 2028.

The commitments run through a special account for buying and repairing military equipment and for building the defense industry. Such limits let ministries sign multi-year contracts before the money is paid.

The 2026 limit was MAD 157.17 billion (about US$16.0 billion), so the rise is MAD 33.3 billion (about US$3.4 billion), or 21%. Hespress, a Moroccan news site, says this is the largest rise among the advance limits in the bill.

A pilot in a flight suit stands on the boarding ladder of a desert-camouflaged Moroccan F-16 with its canopy raised at an airshow
A Moroccan F-16 pilot shows the cockpit to a visitor at the Marrakech Airshow on 28 April 2016. Photo: TSgt Brian Kimball via Wikimedia Commons

In Plain English: Four Terms to Know

  • Finance Bill: the government’s draft budget, which Parliament must pass before the year starts.
  • Advance commitment cap: a legal limit on contracts signed now and paid from later budgets.
  • Royal Armed Forces (FAR): Morocco’s army, air force, navy and royal gendarmerie.
  • Special account: a ring-fenced fund that pays for weapons purchases, heavy repairs and defense industry support.

How the Cap Has Grown Since 2024

Hespress lists the limit as MAD 124.77 billion in 2024 (about US$12.7 billion) and MAD 133.45 billion in 2025 (about US$13.6 billion). The 2026 figure was MAD 157.17 billion (about US$16.0 billion), and the new request is MAD 190.5 billion (about US$19.4 billion).

From 2024 to 2027, the cap would rise by about 53%, based on the Hespress figures. The cap lets the ministry sign contracts in 2027 that are paid from 2028 credits.

Abdelhamid Harifi, an analyst with the FAR-Maroc forum, told Le360 that the cap is room to act over several years. He said it is not a one year bill, and weapons cost far more than five or ten years ago.

Where the Annual Defense Money Goes

The yearly budget moves much less than the cap. Personnel costs rise to MAD 49.34 billion (about US$5.0 billion), up about 5%, which Le360 ties to pay rises.

The bill also creates 5,500 budget posts for the defense administration, which the bill text confirms. Equipment and miscellaneous costs reach MAD 8.37 billion (about US$0.85 billion).

Investment totals MAD 15.2 billion (about US$1.5 billion), split between 2027 payments and commitments for later years. The special equipment account gets MAD 11.49 billion (about US$1.2 billion), against MAD 11.5 billion in 2026.

US Jets, Vehicles and Training in the Picture

Lockheed Martin announced on Tuesday, 6 October, that the first F-16 Block 72 jet for Morocco completed its first flight. The same release says Moroccan forces will receive HIMARS rocket launchers, but gives no delivery date.

The US Army said it will hold its first counter-drone technology event in Tan-Tan, southern Morocco, in spring 2027. Soldier demonstrations are planned for February and March, then an assessment in April and May during the African Lion exercise.

Oshkosh Defense announced on Monday, 5 October, a Moroccan order for 50 heavy equipment tractors and 50 trailers, Hespress reports. The reports give no price for the order, which is a direct commercial sale between the company and Morocco.

On 7 October, at the Marrakech Air Show, Loudiyi said Morocco wants to move from importing defense capacity to building its own. Le360 notes that two defense industrial zones, at Nouaceur and near Kénitra, were created by a June 2024 decree.

What It Means for US Readers

For US defense suppliers and investors, the bill is a sign of future demand rather than a purchase order. Lockheed Martin, which says its Morocco ties go back to 1974, is the main US name in the public record.

For policy watchers, the Tan-Tan event shows US forces testing equipment in Morocco, alongside the arms trade. Conversions here use the market rate of 24 October 2026, which was 9.81 per US dollar.

What Is Not Known

It is not known how much of the US$19.4 billion cap will be signed in 2027, or with which countries and companies. The bill text names no contracts.

Neither the price of the Oshkosh order nor any further US tank purchase has been confirmed. Parliament could also change the bill, and no date for the final vote was found.

What Comes Next

Parliament will now examine the 2027 Finance Bill in committee and in the House of Representatives. No dates for those steps were found.

Approval of the cap would not mean immediate spending or delivery. It would only give the defense administration legal room to sign contracts in 2027.

Frequently Asked Questions

What did Morocco’s budget bill change on defense?

It raises the advance commitment limit to MAD 190.5 billion (about US$19.4 billion) from MAD 157.17 billion. The limit lets the defense minister sign multi-year equipment contracts.

Is the US$19.4 billion cap the yearly defense budget?

No, it is a ceiling on commitments paid from 2028 credits. The 2027 cash for the equipment account is MAD 11.49 billion (about US$1.2 billion).

Does this mean Morocco will buy more US weapons?

Not by itself, because the bill names no supplier. Morocco already flies F-16s, and Lockheed announced the first F-16 Block 72 flight on 6 October.

Who presented the bill, and when?

Finance Minister Fouzi Lekjaa presented it at a joint session of both houses of Parliament on Friday, 23 October 2026. The session was set for 3:00 p.m. at the House of Representatives.

When will the bill become law?

Parliament must still debate and vote on it, and no date for the final vote was found. Until then the figures are proposals.

Sources: Morocco Ministry of Economy and Finance, Finance Bill No. 60.26 for 2027, text (Arabic); Hespress (French), 23 October; Hespress (English), 23 October; Le360, breakdown of the defense budget, 23 October; Le360, analyst explainer, 24 October; Hespress (French), parliamentary calendar, 21 October; Hespress (English), US Army test plan, 18 October; Hespress (French), F-16 Block 72 first flight, 6 October; US Army statement, as published by Soldier Systems Daily, 21 October; Lockheed Martin release, 6 October; Hespress (French), Oshkosh order, October; The Defense Post, US Army Tan-Tan event, 21 October (all accessed 24 October 2026).

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This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error · Editorial responsibility: Matthias Camenzind, Editor-in-Chief

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