2023-08-18 22:22:55
The State still shows good control of public finances at the end of July, through a deficit below 30 billion dirhams (MMDH), according to Attijari Global Research (AGR).
Originally, an increase in ordinary revenue of 5.9% to more than 180 billion dirhams, indicates AGR in its “Budget Focus” report for July.
The report also mentions the positive performance of tax revenues, which increased by 6.4 billion dirhams thanks in particular to the domestic value added tax (VAT) (+18.6%) benefiting from the increase in consumption of households, in addition to the good momentum of innovative financing which reached 9 billion dirhams at the end of July 2023, once morest 5 billion dirhams a month earlier.
The rate of execution of overall expenditure increased by 7%, in line with the increase in investment of 9.5 billion dirhams, said the same source.
For its part, the compensation charge fell to 17.8 billion dirhams, neutralizing the increase in other ordinary expenses.
These developments resulted in a positive ordinary balance of 10 billion dirhams, for the second consecutive month, once morest a negative balance of 621 million dirhams (MDH) a year earlier.
Under these conditions, the Treasury’s financing requirement stands at 32.2 billion dirhams at the end of July 2023 once morest 19.2 billion dirhams a year earlier. This was generally satisfied by external resources.
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