Reduced budget deficit, increased customs revenue

The General Treasury of the Kingdom (TGR), reported a situation of Treasury expenses and resources on the basis of revenue collected and expenditure issued, generating a budget deficit of 16.6 billion dirhams (MMDH) at the end of July 2022 , against 39.5 billion dirhams in July 2021.

In its Monthly Bulletin of Public Finance Statistics (BMSFP) of July 2022, the TGR specifies that this deficit takes into account a positive balance of 30.5 billion dirhams generated by the special accounts of the Treasury (CST) and the services of the State managed autonomously (SEGMA).

Thus, gross ordinary revenue amounted to 171.3 billion dirhams, up 20.4%, following the increase in direct taxes by 26.9%, customs duties (23.4%), taxes indirect (16.8%), registration and stamp duties (15.1%) and non-tax revenue (12.9%).

Expenditure issued under the general budget was 248.4 billion dirhams, up 12.6% compared to the end of July 2021, due to the 14.5% increase in operating expenditure, 19.5% of investment expenditure and 2.2% of budgeted debt charges.

The increase in budgeted debt charges is explained by the 4.2% increase in principal repayments (29.9 billion dirhams against 28.7 billion dirhams) and the 0.6% decrease in debt interest ( 20.62 billion dirhams against 20.75 billion dirhams).

The TGR also points out that at the end of July 2022, expenditure commitments, including those not subject to prior commitment visa, amounted to 373.9 billion dirhams, representing an overall commitment rate of 54% against 56%. at the end of July 2021. The issue rate on commitments was 83%, compared to 82% a year earlier. Based on revenue collected and expenditure issued, the ordinary balance recorded at the end of July 2022 was negative by 420 million dirhams (MDH) against a negative ordinary balance of 10.49 billion dirhams a year earlier.

With regard to CST revenue, it reached 89.9 billion dirhams, taking into account the payments received from common investment charges from the general budget for 19 billion dirhams, against 14.3 billion dirhams at the end of July 2021. amounted to 59.9 billion dirhams, including the share of these accounts for refunds, reliefs and tax refunds for 2.3 billion dirhams. The balance of all CST amounts to 30 billion dirhams.

For the SEGMAs, their revenue was nearly 1.24 billion dirhams, against 1.34 billion dirhams at the end of July 2021, down 7.8%. Expenditure increased by 0.1% to 679 MDH.

Customs revenue up 24.9%

In addition, notes the TGR, net customs revenue stood at nearly 48.88 billion dirhams (MMDH) for the first seven months of this year, up 24.9% compared to the same period one year. previously.

These receipts, which include customs duties, value added tax (VAT) on imports and the domestic consumption tax (TIC) on energy products, take into account tax refunds, reliefs and refunds of 173 million dirhams (MDH).

At retail, revenue net of customs duties reached 7.9 billion dirhams, up 23.4% compared to the end of July 2021, the same source said. Net revenue from import VAT stood at 31.53 billion dirhams, an improvement of 33.9%, while those from the TIC on energy products increased by 2.8% to 9.45 billion dirhams. , taking into account refunds, tax relief and refunds of 137 MDH. For their part, gross customs revenue increased by 25.2% to 49.05 billion dirhams.


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