The situation of Treasury expenses and resources (SCRT) reveals a budget deficit of 50.6 billion dirhams (billion dirhams) at the end of November 2024, compared to 51.5 billion dirhams recorded a year earlier, according to the Ministry of the Economy and Finance.
This positive development is explained by an increase in revenue of 41.6 billion dirhams (+15.1%) slightly exceeding that of overall expenditure (+40.8 billion dirhams). Revenues, net of tax refunds, show an achievement rate of 93.3% of the forecasts of the 2024 Finance Law.
On the expenditure side, ordinary expenses reached 279.2 billion dirhams, an increase of 16.2 billion dirhams. This increase mainly results from the increase in expenditure on goods and services (+17.9 billion dirhams) and interest on the debt (+2.1 billion dirhams). On the other hand, compensation costs fell by 3.8 billion dirhams thanks in particular to the partial decompensation of butane gas carried out in May 2024.
Concerning investment expenses, they stood at MAD 85.9 billion, with an achievement rate of 85.5% compared to forecasts. Despite a moderate increase of 0.5 billion dirhams, this expenditure reflects continued public investment efforts.
These results made it possible to display a surplus ordinary balance of MAD 37.6 billion, compared to only MAD 12.2 billion at the end of November 2023, illustrating a better performance of revenue compared to expenditure.
M.Ba.
Business
Related News :