The execution of the finance law at the end of March 2021 shows a negative budget balance of 7.3 billion dirhams (MMDH), according to the General Treasury of the Kingdom (TGR), under the Ministry of the Economy, Finance and of the Reform of the administration.
This deficit results from ordinary resources (excluding loan receipts) of MAD 97.2 billion and expenses (excluding debt amortization) of MAD 104.6 billion, specifies the TGR in its quarterly report on the execution of the finance law. .
Taking into account loan receipts of 28.1 billion dirhams and debt repayments of 11.7 billion dirhams, the execution of the finance law releases a surplus of resources over expenses of 9.1 billion dirhams, specifies the same. source.
The report also highlights that the total resources of the State during the first quarter of 2021 reached 125.4 billion dirhams, i.e. an achievement rate of 29% of the forecasts of the finance law, noting that the arrears of reimbursement of VAT and requests for restitution of corporate tax were respectively 42.2 billion dirhams and 4.5 billion dirhams at the end of December 2020.
In addition, the total charges of the State reached 116.3 billion dirhams, that is to say a rate of achievement of 24.4% of the forecasts of the law of finance.