Treasury: Reduction of the budget deficit at the end of August

The situation of charges and resources of the Treasury shows a budget deficit of 40.6 billion dirhams (billion dirhams) at the end of August 2021, against a deficit of 43.6 billion dirhams a year earlier, according to the General Treasury of the Kingdom (TGR).

This deficit takes into account a positive balance of 11.1 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. public (BMSFP) for the month of August.

This bulletin also reports an increase in gross ordinary income of 4.4% to 167.5 billion dirhams and ordinary issued expenditure of 7.1%, thus generating a negative ordinary balance of 7.2 billion dirhams.

The increase in revenues is explained by the decrease in direct taxes of 1.9% and non-tax revenues of 20.6%, combined with the increase in customs duties of 32.6%, indirect taxes of 18.8 % and registration and stamp duties of 20.1%.

Regarding the expenditure issued under the general budget, they were MAD 249.3 billion at the end of August 2021, up 1.4% compared to their level at the end of August 2020, due to the increase of 7 , 7% of operating expenses, combined with a decrease of 0.4% in investment expenses and 11.8% in budgeted debt charges.

The decrease in budgeted debt charges is explained by the 21.2% drop in principal repayments (MAD 30.1 billion) and by the 3.8% increase in debt interest (MAD 23.7 billion).

Regarding the CST, they achieved revenues of 74.1 billion dirhams, taking into account the payments received from the common investment costs of the general budget for 16.3 billion dirhams, and a receipt of 3.6 billion dirhams under the social solidarity contribution on profits and income instituted by the 2021 finance law.

See also  Net income up 35.8% at the end of June

The expenses issued were 63.6 billion dirhams. The balance of all special treasury accounts amounts to MAD 10.4 billion.

On the SEGMA side, their revenues increased by 30.6% to MAD 1.468 billion, while their expenses fell by 4% to MAD 824 billion.

This reduction in the budget deficit seems to bode well for the government coalition in formation, which will have to present its first finance law as soon as it takes office.

Back to top button