Kiosk360. In its quarterly report, the General Treasury of the Kingdom announces that the resources of the State reached, at the end of June, 258.7 billion dirhams. This article is a press review of the daily newspaperAujourd’hui le Maroc.
The General Treasury of the Kingdom (TGR) published its quarterly report on the execution of the Finance Act at the end of June. Main conclusion: the overall resources of the State mark an execution rate of 56.1% compared to the forecasts made within the framework of the Finance Law 2022, reports the daily Morocco today in its August 8 edition.
According to the TGR, these resources reached an overall amount of around 258.7 billion dirhams for the second quarter of the year. VAT refund arrears and corporate tax refund requests were respectively of 38.9 billion dirhams and 4.6 billion dirhams at the end of December 2021.
Still, half of these resources are made up of ordinary revenue. These amounted to 147.4 billion dirhams in the second quarter of the year, i.e. an achievement rate of 57.7% compared to the forecasts of the Finance Law for the year 2022, indicates the daily. Morocco today.
“Ordinary revenue is made up of tax revenue for 92.5% and non-tax revenue for 7.5%,” explains the TGR. It should be noted that 13.5% of overall resources are captured by medium and long-term borrowing revenue, set at 35 billion dirhams at the end of June. According to the daily, this figure marks an execution rate of 33.2% of the objectives set under the 2022 Finance Law. According to the TGR, the use of the auction market represented 86.4%.
Still according to the same source, the revenues of the State services managed independently (SEGMA) amounted to 885 million dirhams, or 0.3% of the State’s overall resources. They were carried out to the tune of 40.4% of the forecasts of the Finance Law.
As for State expenses, they reached 267 billion dirhams for the second quarter of the year, i.e. an achievement rate of 49.8% of the forecasts issued in the 2022 Finance Law. Nearly 56% of these charges are in the form of ordinary expenditure from the general budget.
Finally, the quarterly report on the execution of the 2022 Finance Law shows investment expenditure of 39.6 billion dirhams, i.e. 45.3% of the forecasts of the 2022 Finance Law. These issues represent a share of 14.8% of total State expenses stopped at the end of June 2022