The situation of Treasury expenses and resources (SCRT) at the end of September 2022 shows a budget deficit of 11.2 billion dirhams (MMDH), an improvement of 31 billion dirhams compared to the same period of 2021 (-42.4 billion dirhams ), according to the Ministry of Economy and Finance.
This development covers an increase in revenue (+45.5 billion dirhams) greater than that of overall expenditure (+14.3 billion dirhams), indicates the ministry in a document on the situation of Treasury expenses and resources for the month of September 2022.
At retail, revenue recorded, on a net basis of tax refunds, reliefs and refunds, an increase of nearly 45.5 billion dirhams or 24.5%, compared to the end of September 2021 and an achievement rate of 88% compared to the forecasts of the finance law (LF). For their part, tax revenues showed good behavior overall, with an increase of 30.9 billion dirhams or 19%, thus recording an achievement rate of 86.8%, despite the increase in reimbursements, tax rebates and refunds which concerned a total amount of nearly 10 billion dirhams, against 7.5 billion dirhams at the end of September 2021.
For their part, non-tax revenue stood at nearly 35.2 billion dirhams against 20.7 billion dirhams at the end of September 2021, an increase of 14.5 billion dirhams. The SCRT also shows an increase in ordinary expenditure of nearly 21.8 billion dirhams (+11.5%) and an execution rate of 80.6%. This change compared to the end of September 2021 is mainly due to the increase in compensation costs (+17.2 billion dirhams) and expenses for goods and services (+3.5 billion dirhams). The increase in compensation costs is attributable, in particular, to the rise in the price of butane gas, which reached an average of $781.15/T against nearly $583/T at the end of September 2021. These costs increased located at 31.8 billion dirhams, i.e. an achievement rate of 94.1% compared to the updated forecast in this regard (33.8 billion dirhams).
The increase in expenditure on goods and services covers an amount of 2.7 billion dirhams for personnel expenses and an amount of 878 million dirhams for “other goods and services”. Debt interest increased by 986 million dirhams to stand at 23.8 billion dirhams, covering an increase in domestic debt interest (+955 million dirhams) and a virtual stability of those of the external debt (+31 MDH). These changes in ordinary revenue and expenditure resulted in a positive ordinary balance of 20.2 billion dirhams, against a negative balance of 3.5 billion dirhams at the end of September 2021. With regard to investment expenditure, the document states that issues reached 52.6 billion dirhams, against 48.1 billion dirhams a year earlier. Compared to the LF 2022 forecasts, their achievement rate was nearly 67.4%.
For their part, the special accounts of the Treasury (CST) generated a surplus balance of nearly 21.2 billion dirhams, against 9.2 billion dirhams at the end of September 2021. The resources of the special accounts of the Treasury take into account an amount of 6 .4 billion dirhams corresponding to the proceeds of the Social Solidarity Contribution on profits and income, allocated to the Social Protection and Social Cohesion Support Fund, compared to 3.8 billion dirhams at the end of September 2021.
as a reminder, the SCRT is the statistical document that presents, on behalf of the Ministry of Economy and Finance, the results of the execution of the forecasts of the finance law with a comparison with the achievements of the same period of l ‘last year. While the situation produced by the General Treasury of the Kingdom (TGR) is fundamentally accounting in nature, the SCRT apprehends, as recommended by international standards in terms of public finance statistics, the economic transactions carried out during a budgetary period in describing, in terms of flows, ordinary revenue, ordinary expenditure, investment expenditure, the budget deficit, the financing requirement and the financing mobilized to cover this requirement.
