The situation of the Treasury’s expenses and resources shows a budget deficit of 26.6 billion dirhams (billion dirhams) at the end of September 2024, compared to a deficit of 35.2 billion dirhams for the same period a year earlier, according to the General Treasury of the Kingdom ( TGR).
This deficit takes into account a positive balance of MAD 17.3 billion generated by the special accounts of the Treasury (CST) and the autonomously managed State services (SEGMA), specifies the TGR in its recent Monthly Bulletin of statistics of public finances (BMSFP).
Gross ordinary revenue stood at MAD 264.8 billion, up 12.5% compared to the end of September 2023, due to the increase in direct taxes of 13.6%, customs duties (+11.8 %), indirect taxes (+16.3%), registration and stamp duties (+2.7%) and non-tax revenue (+4.1%).
Concerning ordinary expenditure, they recorded an increase of 2.8%, covering an increase in expenditure on goods and services (+6.3%), debt interest charges (+18.6%), as well as a decline in expenditure issues for compensation (-60.9%).
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Expenditure issued under the general budget was MAD 362.9 billion at the end of September 2024, down 0.6% compared to the same period a year earlier, due to the 0.7% increase in expenditure. operating costs and 5.6% of investment expenditure, combined with the 7.9% reduction in budgeted debt charges.
The TGR also informs that expenditure commitments, including those not subject to prior commitment visa, amounted to MAD 557.7 billion, representing an overall commitment rate of 67% compared to 66% at the end of September 2023 and an issue rate on commitments of 85% compared to 88% a year previously.
As for CST revenues, they reached 128.5 billion dirhams. These revenues take into account payments received from common investment charges from the general budget for MAD 22.6 billion compared to MAD 23.3 billion at the end of September 2023.
The expenses issued were 112 billion dirhams. They include the share of CST for reimbursements, tax reliefs and restitutions for MAD 3.2 billion. Thus, the balance of all the Treasury’s special accounts amounts to MAD 16.5 billion.
As for SEGMA, their revenues fell by 9.4% to MAD 1.81 billion and their expenses by 3.9% to MAD 1.03 billion.
