The provisional situation of Treasury expenses and resources as at the end of May 2024 shows an increase in gross ordinary revenue of 13.6% and a decrease in ordinary expenditure issued by 2.3%. This allows us to generate a positive ordinary balance of MAD 14.9 billion, specifies the TGR in the latest public finance statistics bulletin.
Taking into account a financing need of 22.8 billion dirhams and a positive net flow of external financing of 1.3 billion dirhams, the Treasury resorted to domestic financing for an amount of 21.5 billion dirhams, specifies the same source .
In detail, gross ordinary revenue stood at MAD 143.2 billion compared to MAD 126.1 billion a year earlier, at the end of May 2023, an increase of 13.6% which corresponds to an amount of MAD 17.2 billion. This is explained by the increase in direct taxes of 12.7%, customs duties of 13.5%, indirect taxes of 12.8%, registration and stamp duties of 4.9% and non-tax revenue of 26.2%.
Likewise, gross tax revenue was 126.8 billion dirhams compared to 113 billion dirhams at the end of May 2023, an increase of 12.2% or +13.7 billion dirhams. The change in tax revenue results from the increase in customs revenue of 9.5% and domestic taxation of 14.1%.
As for net customs revenue (customs duties, import VAT and TIC on energy products), they were 36,851 MDH at the end of May 2024 compared to 33,655 MDH a year earlier, up 9.5% or, in value, +3,196 MDH compared to their level at the end of May 2023, taking into account tax reimbursements, reliefs and refunds of 50 MDH at the end of May 2024 compared to 30 MDH a year previously.
Gross customs revenue was 36,901MDH at the end of May 2024 compared to 33,685MDH a year earlier, up 9.5% or, in value, 3,216MDH compared to their level at the end of May 2023.
