HomeEconomybudget surplus of 524 MDH at the end of January

budget surplus of 524 MDH at the end of January

The situation of Treasury charges and resources (SCRT) at the end of January 2023 shows a budget surplus of 524 million dirhams (MDH), against a deficit of 360 MDH a year earlier, according to the Ministry of Economy and Finance.

Revenue recorded, on a net basis of tax refunds, reliefs and refunds, an increase of nearly 3.5 billion dirhams (MMDH) or 15.8%, compared to January 2022, and an achievement rate of 8. 1% compared to the forecasts of the finance law (LF), specifies the ministry in a document on the SCRT of January 2023.

Tax revenue showed an increase of more than 2 billion dirhams (+9.5%) and an achievement rate of 9.2%. Tax refunds, relief and refunds, including the share borne by local authorities, amounted to 256 MDH, against nearly 179 MDH in January 2022.

For their part, non-tax revenue amounted to more than 1.4 billion dirhams, against 212 million dirhams at the end of January 2022.

The SCRT also shows stability in ordinary expenditure, which stood at 24.5 billion dirhams, almost the same level as that recorded in January 2022.

This change covers, on the one hand, a decrease in expenditure for “other goods and services” of 905 MDH and compensation costs of 128 MDH and, on the other hand, an increase in interest on the debt of 633 MDH and staff costs of 364 MDH.

Compensation costs amounted to 2.5 billion dirhams, down 4.8% in connection in particular with the decline in the price of butane gas which reached an average of 673 $/T against nearly 853 $/T in January 2022.

Debt interest, for its part, increased to nearly 1.3 billion dirhams, against 640 million dirhams in January 2022. This development is attributable to the increase in both those relating to the domestic debt (+358 MDH) than to those of the external debt (+275 MDH).

These changes in ordinary revenue and expenditure resulted in a positive ordinary balance of 839 million dirhams, against a negative balance of nearly 2.7 billion dirhams at the end of January 2022.

With regard to investment expenditure, issues reached 12.3 billion dirhams, almost at the same level as in the first month of 2022. Compared to the forecasts of the LF 2023, their rate of realization raised to 13.5%.

For their part, the special Treasury accounts (CST) generated a surplus balance of more than 12 billion dirhams, against nearly 14.6 billion dirhams in January 2022.

The SCRT is the statistical document that presents the results of the execution of the forecasts of the LF with a comparison with the achievements of the same period of the previous year.

While the situation produced by the General Treasury of the Kingdom (TGR) is fundamentally accounting in nature, the SCRT apprehends, as recommended by international standards in terms of public finance statistics, the economic transactions carried out during a budgetary period in describing, in terms of flows, ordinary revenue, ordinary expenditure, investment expenditure, the budget deficit, the financing requirement and the financing mobilized to cover this requirement.



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