The situation of Treasury expenses and resources at the end of April 2022 shows a budget deficit of 11.5 billion dirhams (MMDH), against 21.7 billion dirhams a year earlier, indicates the Ministry of Economy and Finance.
This development covers an increase in revenue (+18.1 billion dirhams) greater than that of overall expenditure (+7.8 billion dirhams), explains the ministry which has just published the situation of the expenses and resources of the Treasury (SCRT) for the month of April 2022. Receipts recorded, on a net basis of tax refunds, reliefs, and refunds, an increase of nearly 23.2%, compared to the end of April 2021, and a realization rate of 36.5% compared to the forecasts of the finance law (LF), specifies the same source.
For their part, tax revenues showed good performance overall, with an increase of 22.5%, thus recording an achievement rate of 39.6%, and this, despite the continuation of the effort to reimburse VAT credits, adds the ministry, noting that tax refunds, relief, and refunds, including the share borne by local authorities, thus reached an amount of 6.9 billion dirhams, against 4.6 billion dirhams at the end of April 2021. For their part, non-tax revenue amounted to 6.4 billion dirhams, up by 1.7 billion dirhams, while revenue from public establishments and enterprises amounted to 1.2 billion dirhams, including 720 million dirhams ( MDH) paid by the National Agency for Land Registry, Cadastre and Cartography and 309 MDH by Bank Al-Maghrib.
The increase in compensation costs, which recorded an execution rate of 73.1%, is attributable, in particular, to the rise in the price of butane gas which reached an average of $885/T, notes the said note, adding that these charges include subsidies granted to professionals in the transport sector for an amount of 0.5 billion dirhams, as part of the measures decided by the Government in March 2022.
