Showing an execution rate of 115.1% in the 4th quarter of 2022
Receipts
At the end of December 2022, the execution of the finance law reveals a negative budget balance which amounts to 73.9 billion dirhams.
The execution of the Finance Law at the end of December 2022 reveals a negative budget balance which amounts to 73.9 billion dirhams. It results from ordinary resources (excluding loan receipts) which amount to 463.3 billion dirhams and expenses (excluding debt amortizations) amounting to 537.1 billion dirhams. “Given borrowing revenue of 67.6 billion dirhams and debt amortizations of 58.8 billion dirhams, the execution of the finance law generates a surplus of expenses over resources of 65 billion dirhams”, argues the Treasury. General of the Kingdom in its latest quarterly report on the execution of the Finance Act.
It shows that the overall resources of the State during the 4th quarter of 2022 reached 530.9 billion dirhams, i.e. an achievement rate of 115.1% of the forecasts of the Finance Law. In this scheme, VAT refund arrears and corporate tax refund requests were successively 38.9 billion dirhams and 4.6 billion dirhams at the end of December 2021. In terms of State resources, there are It turns out that ordinary revenue is 308.8 billion dirhams, or 58.2% of overall resources. “They record an achievement rate of 121% of the forecasts of the Finance Act. Ordinary revenue is made up of tax revenue for 85.5% and non-tax revenue for 14.5%,” explains the same source. As for revenue from medium and long-term loans, they amount to 67.6 billion dirhams, or 12.7% of the State’s overall resources. “They were carried out to the tune of 64.2% of the forecasts of the Finance Law”, specifies, in this regard, the TGR. As for the receipts of the special accounts of the Treasury (CST), they amount to 152 billion dirhams representing 28.6% of the overall resources of the State. “They were carried out up to 154.5% of the forecasts of the Finance Law”, indicates the same source. With regard to the revenues of the State services managed autonomously (SEGMA), they are 2.4 billion dirhams (0.5% of the State’s overall resources).
The TGR notes that they were carried out to the tune of 111.3% of the forecasts of the Finance Law. As for the total expenses of the State, they amount to 595.9 billion dirhams recording an achievement rate of 104% of the forecasts of the finance law. In this sense, the ordinary expenses of the general budget are 307.4 billion dirhams constituting 51.6% of the total expenses of the State. They were carried out at 100% and are composed for 48.1% of personnel expenses, according to the TGR. For their part, investment expenditure of 96 billion dirhams was carried out to the tune of 92.6% of forecasts.
They represent 16.1% of total expenses. Concerning CST issues, they are 131.2 billion dirhams reaching an achievement rate of 133.4%. These expenses have a share of 22% of the overall expenses. As for debt amortizations, they amount to 58.8 billion dirhams and represent 9.9% of expenses. They were carried out to the tune of 96.1%.