2023-08-16 11:58:39
The budget deficit stood at 27.7 billion dirhams (MMDH) at the end of July 2023, once morest a budget deficit of 16.6 billion DH a year earlier, according to the General Treasury of the Kingdom (TGR). This deficit takes into account a positive balance of 25 billion DH released by the special accounts of the Treasury (CST) and the State Services managed autonomously (SEGMA), once morest a positive balance of 30.6 billion DH released by the CSTs and SEGMAs a year earlier, the TGR reported in its monthly public finance statistics bulletin (BMSFP) for July 2023.
In total, gross ordinary revenue increased by 6% and ordinary expenditure issued by 5.4%, thus generating a positive ordinary balance of 504 million DH, specifies the TGR continues the same source. Given a financing requirement of MAD 32.2 billion and a positive net flow of external financing of MAD 27.3 billion, the Treasury resorted to domestic financing for an amount of MAD 4.9 billion. DH. Thus, gross ordinary revenue stood at 181.6 billion DH once morest 171.3 billion DH at the end of July 2022, an increase of 6%. This development is explained by the increase in direct taxes by 5.2%, customs duties by 4%, registration and stamp duties by 13% and non-tax revenue by 33.2%, combined with the decrease in indirect taxes of 0.6%.
With regard to expenditure at the end of July, commitments, including those not subject to prior commitment visa, amounted to 435.8 billion DH, representing an overall commitment rate of 56% once morest 54% at end of July 2022 and an issue rate on commitments of 83%, i.e. the same level a year earlier.
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