The situation of Treasury expenses and resources shows a budget deficit of 10.5 billion dirhams (MMDH) at the end of April 2023, against a budget deficit of 10.2 billion dirhams a year earlier, according to the General Treasury of the Kingdom (TGR).
This deficit takes into account a positive balance of 20.8 billion dirhams generated by the special accounts of the Treasury (CST) and the State services managed independently (SEGMA), against a deficit of the Treasury of 1.92 billion dirhams at at the end of April 2022 given a positive balance of 21.5 billion dirhams generated by the CSTs and the SEGMAs, indicates the TGR in its monthly public finance statistics bulletin (BMSFP) for the month of April 2023.
The provisional situation of Treasury charges and resources at the end of April 2023 shows an increase in gross ordinary revenue of 8.2% and ordinary expenditure issued by 4.6%, thus generating a negative ordinary balance of 1.77 billion dirhams, continues the same source.
Given a financing requirement of 22.2 billion dirhams and a positive net flow of external financing of 27.8 billion dirhams, the Treasury was able to withdraw from the domestic financing market for an amount of 5.6 billion dirhams. Thus, gross ordinary revenue stood at 104.6 billion dirhams against 96.7 billion dirhams at the end of April 2022, up 8.2%, indicates the TGR, explaining this development by the increase in direct taxes of 3.2 %, customs duties of 8.6%, indirect taxes of 2.4%, registration and stamp duties of 10.4% and non-tax revenue of 92.4%. With regard to expenditure, at the end of April 2023, expenditure commitments, including those not subject to prior commitment visa, amounted to 263.4 billion dirhams, representing an overall commitment rate of 36% against 40 % at the end of April 2022 and an issue rate on commitments of 75%, i.e. the same rate a year earlier.
Expenditure issued under the general budget was 158.1 billion dirhams at the end of April 2023, up 8.8% compared to their level at the end of April 2022, due to the 3.9% increase in operation, 10.9% of investment expenditure and 23.2% of budgeted debt charges.
CST revenue reached 58.7 billion dirhams. These revenues take into account the payments received from common investment charges from the general budget for 14.7 billion dirhams against 13.2 billion dirhams at the end of April 2022. Expenditure issued was 38.4 billion dirhams. They include the share of CST in respect of refunds, reliefs and tax refunds for 1.2 billion dirhams. The balance of all the special accounts of the Treasury amounts to 20.3 billion dirhams.
At the end of April 2023, SEGMA revenue was 688 MDH against 408 MDH at the end of April 2022, up 68.6%. Expenditure was 191 MDH at the end of April 2023 against 178 MDH a year earlier, up 7.3%.