The Kingdom’s General Treasury (TGR) has indicated that the situation of Treasury expenses and resources shows a budget surplus of 6.27 billion dirhams (MMDH) at the end of March 2023, against a budget deficit of 1.92 billion dirhams a year earlier. year before.
In its monthly bulletin of public finance statistics (BMSFP) for March 2023, the TGR notes that this surplus takes into account a positive balance of 23.9 billion dirhams generated by the special accounts of the Treasury (CST) and the services of managed autonomously (SEGMA), against a Treasury deficit of 1.92 billion dirhams at the end of March 2022 taking into account a positive balance of 20.2 billion dirhams generated by the CSTs and the SEGMAs.
For gross ordinary revenue, they stood at 84.9 billion dirhams against 76.5 billion dirhams at the end of March 2022, up 11%, said the TGR, explaining this development by the increase in direct taxes of 2.6 %, customs duties of 14.2%, indirect taxes of 5.9%, registration and stamp duties of 10.4% and non-tax revenue of 154.4%.
With regard to expenditure issued under the general budget, it was 106.8 billion dirhams at the end of March 2023, down 0.9% compared to their level at the end of March 2022, due to the decline of 27. 8% of budgeted debt charges, combined with an increase of 2.4% in operating expenses and 6.9% in investment expenses.
The drop in budgeted debt charges of 27.8% is explained by the 53.2% decrease in principal repayments (4.3 billion dirhams against 9.2 billion dirhams) and the 10.4% increase in interest debt (6.713 billion dirhams against 6.078 billion dirhams) At the end of March 2023, expenditure commitments, including those not subject to prior commitment approval, amounted to 193.6 billion dirhams, representing an overall commitment rate of 27 % against 32% at the end of March 2022 and an issue rate on commitments of 69% against 71% a year earlier.
For their part, the receipts of the CST reached 49.4 billion dirhams. These revenues take into account the payments received from common investment charges from the general budget for 12.2 billion dirhams against 13.1 billion dirhams at the end of March 2022. Expenditure issued was 25.9 billion dirhams. They include the share of CST in respect of refunds, reliefs and tax refunds for 1.1 billion dirhams. The balance of all the special accounts of the Treasury amounts to 23.4 billion dirhams. At the end of March 2023, SEGMA revenue was 498 million dirhams (MDH) against 307 MDH at the end of March 2022, up 62.2%. Expenditure was 56 MDH at the end of March 2023 against 68 MDH a year earlier, down 17.6%.