The General Treasury of the Kingdom (TGR) recently published its Monthly Bulletin of Public Finance Statistics (BMSFP), revealing a budget deficit of 35.2 billion dirhams (MMDH) at the end of July 2024. This figure marks an increase compared to the deficit of 27.7 MMDH recorded at the same period in 2023.
Despite this growing deficit, the situation is partially mitigated by a positive balance of 16.3 billion dirhams, generated by the special accounts of the Treasury (CST) and the autonomously managed State services (SEGMA). Gross ordinary revenues increased by 11.4%, reaching 202.3 billion dirhams, mainly thanks to the increase in direct taxes, customs duties, and indirect taxes.
The overall expenditure issued under the General Budget amounted to 307.2 billion dirhams, recording an increase of 4.5% compared to the previous year. This increase is attributed to an increase in operating expenses (+6.5%) and investment expenses (+11.3%), offset by a decrease of 3.8% in budgeted debt charges.
On the CST revenue side, they reached 104.6 billion dirhams, benefiting from payments of common investment charges from the general budget amounting to 20.7 billion dirhams. The expenditure issued by the CSTs was 88.9 billion dirhams, including 2.7 billion dirhams of reimbursements and tax deductions.
One of the highlights of the bulletin is the notable drop in the emissions of compensation expenses, which fell by 42.5% to 8.1 billion dirhams at the end of July. In addition, the operating expenses issued totaled 168.2 billion dirhams, including 93.3 billion dirhams devoted to wages and salaries, up 5.2%.
LNT
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– 2024-08-13 10:44:21
