HomeEconomythe budget deficit at 3.7 billion dirhams in January 2022

the budget deficit at 3.7 billion dirhams in January 2022

The provisional situation of Treasury expenses and resources shows a budget deficit of 3.7 billion dirhams (MMDH) at the end of January 2022, against a surplus of 3 billion dirhams at the end of January 2021, according to the General Treasury of the Kingdom (TGR).

This deficit takes into account a positive balance of 14.7 billion dirhams released by the special accounts of the Treasury (CST) and the State services managed autonomously (SEGMA), specifies the TGR in its monthly financial statistics bulletin. (BMSFP) for the month of January 2022.

The bulletin also reports an increase in gross ordinary revenue of 2.5% to 21.6 billion dirhams and ordinary expenses issued by 40.6%, thus generating a negative ordinary balance of 6.1 billion dirhams.

The increase in revenue is explained by the increase in direct taxes by 3.2%, customs duties (13.8%) and indirect taxes (21.1%), combined with the drop in registration fees and stamps by 7.2% and non-tax revenue (72.5%).

Regarding expenditure issued under the General Budget, it was 43 billion dirhams at the end of January 2022, an increase of 9.9% compared to their level at the end of January 2021, due to the 46.4% increase in expenditure operating costs and 8.3% of investment expenditure, combined with the 58.3% drop in budgeted debt charges.

The decrease in budgeted debt charges is due to the decline of 62.4% in principal repayments (3.1 billion dirhams against 8.1 billion dirhams) and 35% in interest on the debt to 911 million dirhams (MDH).

With regard to expenditure commitments, including those not subject to prior commitment visa, amounted to 71.4 billion dirhams, representing an overall commitment rate of 14% against 11% at the end of January 2021. The rate of issue on commitments was 66% against 79% a year earlier. In addition, the TGR indicates that the receipts of the CST reached 18.5 billion dirhams. These revenues take into account payments received from common investment charges from the general budget for 11 billion dirhams against 10.4 billion dirhams at the end of January 2021 Expenditure issued was 3.8 billion dirhams and includes the share of CST for reimbursements, tax and tax refunds for 35 MDH. The balance of all CST amounts to 14.6 billion dirhams.

SEGMA revenues stood at 52 MDH against 49 MDH at the end of January 2022, up 6.1%. Expenses were 1 MDH, while no issue was made in this respect a year earlier.




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