TGR: a budget deficit of more than 20 billion dirhams at the end of July



The situation of Treasury indictments and resources generates a budget deficit of 20.2 billion dirhams (MMDH) at the end of July 2018, against 18.2 billion dirhams in the same period a year earlier, according to the General Treasury of the Kingdom ( TGR).

This deficit takes into account a negative balance of 15.9 billion dirhams, generated by the Treasury Special Accounts (CST) and state services managed autonomously (SEGMA), specifies the TGR in its monthly Bulletin Bulletin statistics. see also that the ordinary turnover was USD 158.9 billion, compared to MAD 133.7 billion at the end of July 2017, an increase of 18.8%, taking into account an exceptional payment of 24.8%. MMDH, carried out on the "Special account for donations from the countries of the Gulf Cooperation Council" for the general budget. Apart from this payment, ordinary revenues increased by 0.9%, the same source stated this increase due to the increase in non-tax revenues of 202.1%, customs duties (+ 12.8%), indirect taxes (+ 5.5%). %), combined with a 2.2% decrease in direct taxes and registration and stamp duties (-1.8%).

Expenditure in the general budget decreased by 4.7% to 180.9 billion dirhams in the first seven months of 2018, as a result of the 27% decrease in budgeted debt, combined with the increase in operating expenses by 2, 9% and capital expenditure (+ 3.1%), reports the TGR.

Commitment appropriations, including those for which no prior commitment is given, amounted to 307.5 billion dirhams at the end of July 2018, representing a total commitment rate of 58% compared to 57% at the end of July 2017. The decrease of the budgeted debt is due to a decrease of principal repayments by 42.9% (MAD 17.7 billion against MAD 31 billion) and a rise in interest on debt with Maid 17.8 billion (MAD 17.8 billion compared to with, 7 MMDH), she notes.

With regard to the proceeds of the special accounts of the Treasury they reached 50 billion dirhams, taking into account the transfers received from the common expenses of the general investment budget for 12 MMDH and the re-entry of 447 million dirhams (MDH) for donations from the countries the wave. Expenditure was 67.4 billion dirhams, given the payment of 26.3 billion dirhams to the general budget, according to the TGR, indicating that these expenses include the part allocated to the TSAs for refunds, rebates and tax refunds for 1 , 1 MMDH. The balance of all Treasury special accounts is negative for 17.3 billion, according to the bulletin, adding that in addition to the exceptional payment of 24 MMDH made from the trust account entitled "Special account donations" countries of the Gulf Cooperation Council "for the general budget, the balance of the CST is positive for 6.7 billion dirhams.

In terms of SEGMA revenue, these 2.2 billion dirhams amounted to 1.2 billion dirhams at the end of July 2017, an increase of 81 per cent, while expenditure was 764 million dirhams compared to 913 million dirhams a year earlier . , a decrease of 16.3%.

LNT with AFP

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