Rachid Maboudi
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16:46 – January 10, 2025
The report entitled “Council of the Casablanca-Settat region: Assessment 2021-2024 (mid-term)”, consulted by Barlamane.com, exposes a significant contraction in the financial resources of the most important region of Morocco. The quantified document details the evolution of revenues earned between 2021 and 2024. Total revenues, which reached 1.435 billion dirhams in 2021, fell to 932 million dirhams during the first eight months of 2024.
In detail, official transfers to the Regional Council fell noticeably, from 1.13 billion dirhams in 2021 to 643 million dirhams between January 1 and August 31, 2024. The region’s own revenues also recorded a decrease, from 241 million dirhams in 2021 to 231 million over the same period in 2024. Despite From this decrease in revenue, the financial commitments of the region, under the presidency of Abdellatif Maâzouz (Istiqlal party), have increased. They increased from 1.002 billion dirhams in 2021 to 1.82 billion dirhams as of August 31, 2024.
The report also highlights several measures to optimize financial management and reduce the debt burden. Among these provisions are:
• The cancellation of unactivated credits, for a total amount of 1.185 billion dirhams.
-• The elimination of the undrawn balance of loans taken out from the Municipal Equipment Fund (FEC), worth 895 million dirhams.
• The restructuring of loans from the International Finance Corporation (IFC), with the cancellation of 250 million dirhams, these investments having been financed from the region’s own funds.
In addition, the Council issued bonds for an amount of one billion dirhams, while reducing the commissions provided for in the debt contracts with the IFC. Over the period 2021-2024, the total amount of canceled debts amounts to 339.5 million dirhams. Furthermore, the Council repaid 345 million dirhams for debt maturities between 2021 and August 31, 2024.
