a budget surplus of MAD 6.1 billion at the end of April 2024

a budget surplus of MAD 6.1 billion at the end of April 2024
a budget surplus of MAD 6.1 billion at the end of April 2024

This development reflects an increase in revenue (+16.9 billion dirhams) greater than that of expenditure (+9.6 billion dirhams), explains the ministry in its document on the SCRT of April 2024.

According to the same Source, revenues recorded, on a net basis of tax refunds, reliefs and restitutions, an achievement rate of 33.7% compared to the forecasts of the finance law (LF) and an increase of 16 .9 billion dirhams (+17.3%), compared to the end of April 2023.

Ordinary expenditure reached an amount of 103.6 billion dirhams, recording an execution rate of 33.8% and an increase of 3.1 billion dirhams compared to the end of April 2023. This development is attributable to the increase in expenditure at title of goods and services (+4.9 billion dirhams).

Concerning the execution of expenditure on goods and services, it is marked by an achievement rate of 32.1% for personnel expenditure and 33.5% for expenditure relating to “other goods and services”, an increase of 1 billion dirhams and 3.9 billion dirhams, respectively compared to the end of April 2023.

For their part, debt interest, which fell by 0.4 billion dirhams, showed an achievement rate of 28.9%. This decline covers a drop in interest on the domestic debt (-2.2 billion dirhams) combined with an increase in those relating to the external debt (+1.8 billion dirhams).

As for compensation costs, they decreased to 10.42 billion dirhams, with an achievement rate of 61.5%. The drop in these charges comes from butane gas (6.1 billion dirhams), national soft wheat flour (0.8 billion dirhams), while the charge for sugar increased to 2.4 billion dirhams and the subsidies granted to professionals in the road transport sector amounted to 1 billion dirhams, the same level recorded a year earlier.

These changes in revenue and expenditure resulted in a surplus ordinary balance of 10.8 billion dirhams, compared to -3 billion dirhams at the end of April 2023.

Regarding investment expenditure, emissions reached 30.2 billion dirhams, an increase of 0.2 billion dirhams compared to the end of April 2023. Compared to the forecasts of the 2024 Finance Law, their rate of achievement increased. high at 30%.

The SCRT is the statistical document which presents, on behalf of the Ministry of Economy and Finance, the results of the execution of the forecasts of the LF with a comparison with the achievements of the same period of the previous year.

As a reminder, while the situation produced by the General Treasury of the Kingdom (TGR) has a fundamentally accounting nature, the SCRT apprehends, as recommended by international standards in terms of public finance statistics, the economic transactions carried out during a budget period by describing, in terms of flows, ordinary revenue, ordinary expenditure, investment expenditure, the budget deficit, the financing need and the financing mobilized to cover this need.

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