The situation of charges and resources of the Treasury shows a budget deficit of 38.2 billion dirhams (billion dirhams) during the first nine months of this year, against a deficit of 42 billion dirhams a year earlier, indicates the latest Monthly Bulletin of Statistics of Public Finances (BMSFP) of the General Treasury of the Kingdom (TGR).
This deficit takes into account a positive balance of MAD 10.3 billion released by the special treasury accounts (CST) and autonomously managed state services (SEGMA), the September document of the TGR. This bulletin also reports an increase in gross ordinary income of 4.6% to 193.8 billion dirhams and ordinary expenditure issued by 5.1%, thus generating a positive ordinary balance of 1.5 billion dirhams against a positive ordinary balance. by 2.3 billion dirhams a year ago. This increase the BMSFP explains by the decrease in direct taxes by 1.6% and non-tax revenues by 19.2%, to the increase in customs duties by 31.6%, indirect taxes by 19% and 20.3% registration and stamp duty.
As for the expenses issued under the general budget, they were 272.9 billion dirhams, down 1.1% compared to their level at the end of September 2020, due to the 18.9% decrease in budgeted debt charges, combined with the 5.6% increase in operating expenses and 1.7% in capital expenditure. The decrease in budgeted debt charges of 18.9% is explained by the 30.1% drop in principal repayments (MAD 30.6 billion) and by the 1.9% increase in debt interest (24 , MAD 1 billion).
The receipts of the special Treasury accounts (CST) reached 82.2 billion dirhams and their expenditure amounted to 72.4 billion dirhams. The balance of all CST is 9.7 billion dirhams.
These receipts take into account the payments received from the common investment costs of the general budget for 17.9 billion dirhams and a receipt of 3.7 billion dirhams for the social solidarity contribution on profits and income instituted by the law of 2021 finances. As for the expenses issued by CSTs of 72.4 billion dirhams, they include the share of these accounts for reimbursements, deductions and tax refunds for 1.83 billion dirhams. The balance of all CSTs amounted to MAD 9.7 billion. On the SEGMA side, their revenues increased by 12.3% to nearly 1.57 billion dirhams, while their expenses fell 2.7% to 975 million dirhams (MDH).
Regarding Treasury balances and on the basis of revenue collected and expenditure issued, the execution of the finance law shows a Treasury deficit of 38.2 billion dirhams, taking into account a positive balance of 10.3 billion dirhams. MMDH released by special Treasury accounts (CST) and autonomously managed State services (SEGMA), against a Treasury deficit of 42 billion MAD at the end of September 2020 given a positive balance of 4.9 billion MAD released by CST and SEGMA.