The budget deficit takes into account a positive balance of 20 billion dirhams generated by special Treasury accounts (CST) and the autonomously managed state services (SEGMA), specifies the TGR in its latest Monthly Bulletin of Public Finance Statistics.
THE gross ordinary revenue of the Treasury amounted to 367 billion dirhams, an increase of 8.7% compared to 338 billion dirhams in revenues achieved at the end of December 2023. This increase is mainly attributable to the increase in corporate taxes (IS) by 14.9% to reach 72 billion dirhams, income taxes (IR) of 18.6% (60 billion dirhams), as well as a notable growth in Value Added Tax (VAT) inside, which recorded an increase of 22% to reach 42 billion dirhams. There VAT on imports has, for its part, increased by 10.9%, going from 52 billion dirhams to 58 billion dirhams over the same period.
In addition, the Internal Consumption Taxes (TIC) on the energy products increased by 10.5%, standing at MAD 17.9 billion compared to MAD 16.2 billion at the end of December 2023. registration rights and stamp also experienced an increase of 7.6% for a total of 21 billion dirhams.
THE non-tax revenue ended the year down 13.5% following a 33% drop in various recipes (they represent the income of the various ministries in particular transactional and fixed fines and chancery fees, etc.) to settle at 28 billion dirhams at the end of December 2024 compared to 42 billion dirhams a year previously.
-THE ordinary expenses were controlled, recording a limited increase of 2.7% to reach 333 billion dirhams at the end of December 2024, compared to 324 billion dirhams at the same period in 2023. This performance is mainly explained by the significant drop in compensation chargeswhich fell by 37%, from MAD 39 billion to MAD 24 billion over one year. However, the debt interest charges experienced a notable increase of 15.7%, reaching 38 billion dirhams compared to 33 billion dirhams in December 2023.
On the side of investmentsthe year ended on a note of stability, with an overall envelope of 119 billion dirhams.
The need for Treasury financing (budgetary deficit increased by variation in authorities) was reduced to 55 billion dirhams, compared to 73 billion dirhams last year, a significant improvement of 24.66%. To fill this need, the Treasure opted for an fdomestic financing of 50 billion dirhams, a clear increase compared to the 39 billion dirhams of the previous year, knowing that drawings on the external debt stood at 5 billion dirhams at the end of December 2024 compared to 34 billion dirhams a year earlier.
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