Budget deficit of 24.6 billion dirhams at the end of May 2021 (TGR)

The situation of expenses and resources of the Treasury shows a budget deficit of 24.6 billion dirhams (billion dirhams) for the first five months of this year, against a deficit of 23.3 billion dirhams at the end of May 2020, according to the General Treasury of the Kingdom (TGR).

This deficit takes into account a positive balance of 13.8 billion dirhams released by the special accounts of the Treasury (CST) and the state services managed independently (SEGMA), indicates the TGR in its monthly bulletin of finance statistics. (BMSFP) for the month of May.

This bulletin also shows a decrease in gross ordinary income of 5.8% to 97 billion dirhams and an increase in ordinary issued expenditure of 1.9% to 107.3 billion dirhams, ie a negative ordinary balance of 10.3 billion dirhams.

The decline in revenues is explained by the decrease in direct taxes of 2.3% and non-tax revenues of 61%, combined with the increase in customs duties of 29.3%, indirect taxes of 15.6% and registration and stamp duties of 11.8%.

Regarding the expenses issued under the general budget, they were 156.5 billion dirhams at the end of May 2021, down 0.4% compared to their level at the end of May 2020, due to the decrease of 14, 4% of investment spending, the 1.7% increase in operating expenses and 8.1% in budgeted debt charges.

The increase in budgeted debt charges is attributable to the 10.7% increase in principal repayments (20.9 billion dirhams) and 3.8% in interest on the debt (11.5 billion dirhams).

Regarding the CST, they achieved revenues of 48.5 billion dirhams, taking into account the transfers received from the common investment costs of the general budget for 12 billion dirhams and a receipt of 3.4 billion dirhams for the contribution. social solidarity on profits and income instituted by the 2021 finance law.

The expenses of these accounts amounted to 35.1 billion dirhams. The balance of all CST thus amounted to MAD 13.4 billion.

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On the SEGMA side, their revenues increased by 8% to MAD 773 million (MDH) and expenses fell by 23.5% to MAD 342 million.

(With MAP)

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