Gross ordinary revenue stood at 84.9 billion dirhams at the end of March.
Treasure : The provisional statement of Treasury expenses and resources shows at the end of March an 11% increase in gross ordinary revenue and a 3.1% increase in ordinary expenditure issued.
The Treasury shows a surplus for the third month of the year. At the end of March 2023, the General Treasury of the Kingdom achieved a surplus of around 6.27 billion DH once morest a deficit of 1.92 billion DH noted in the same period of the previous year. This surplus takes into account a positive balance of 23.9 billion dirhams generated by the special accounts of the Treasury and the State services managed independently. This is what can be deduced from the latest monthly bulletin of public finances from the General Treasury of the Kingdom (TGR). Overall, the provisional situation of Treasury expenses and resources shows an 11% increase in gross ordinary revenue at the end of March. The latter amount to 84.9 billion DH once morest 76.5 billion DH.
This increase is explained, according to the TGR, by the increase of 2.6% in direct taxes, 14.2% in customs duties, 5.9% in indirect taxes, 10.4% in registration and stamp duty and 154.4% of non-tax revenue. Indeed, non-tax revenues for their part consolidated by 4.8 billion DH, thus climbing to 7.88 billion dirhams once morest 3.09 billion DH a year earlier. This development is the result of the increase in payments from special accounts of the Treasury to the general budget to 4.98 billion dirhams once morest 877 million DH, revenue from monopolies to 1.42 billion DH once morest 1.01 billion DH and support funds from 513 million DH once morest 225 million DH at a time when revenue from debt expenditure mitigation fell to 78 million DH once morest 274 million DH previously. At the same time, gross tax receipts rose for the third month of the year to around 77 billion DH once morest 73.4 billion DH a year earlier.
An evolution driven by the 8.2% increase in customs revenue and 3.7% in domestic taxation. With regard to ordinary expenditure, it posted a moderate increase at the end of March. In this sense, we note an increase of 3.1% year-on-year. “At the end of March 2023, expenditure commitments, including those not subject to prior commitment visa, amounted to 193.6 billion dirhams, representing an overall commitment rate of 27% once morest 32% at the end of March. 2022 and an issue rate on commitments of 69% once morest 71% a year earlier”, explains the TGR in its publication. At the end of March, expenditure issued under the general budget stood at around 106.8 billion DH, down 0.9% compared to their level a year earlier.
This change is due to the 27.8% decline in budgeted debt charges, combined with the 2.4% increase in operating expenses and 6.9% increase in investment expenses. With regard to operating expenses, they amount to 72.3 billion DH, of which 38.2 billion DH concerned salaries and wages. The latter recorded an increase of 4.1%. Material expenses increased by 9.1% while those for common expenses fell by 8.2%.
It should be noted that at the end of March, the rate of coverage of ordinary expenditure by ordinary revenue was 107.4% once morest 99.8% a year earlier. 45% of these revenues were devoted to personnel expenses, 31.1% to equipment expenses, 7.9% to debt interest charges, 5.3% to compensation issues and 3.8% to repayments , tax relief and refunds. It should be noted that part of the expenditure issued under the general State budget was financed mainly by recourse to borrowing.
