TGR
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The situation of charges and resources of the Treasury (SCRT) shows a budget deficit of 29.1 billion dirhams (billion dirhams) at the end of June 2020, against 17.6 billion dirhams a year earlier, according to the Ministry of the Economy, Finance and administrative reform.
This deficit takes into account investment expenditure and the surplus of the Special Treasury Accounts (CST) including that released by the Special Fund for the management of the pandemic of the new coronavirus (covid-19), specifies the ministry in its SCRT , a statistical document which presents the results of the execution of the forecasts of the finance law with a comparison with the achievements of the same period of the previous year.
“If we exclude the surplus recorded by the Special Fund for the management of covid-19, the deficit amounts to nearly 44.4 billion dirhams, an increase of almost 27 billion dirhams compared to the same period of the year. ‘year 2019’, let the ministry know.
According to the same source, ordinary revenue net of tax refunds, reductions and refunds, compared to the same period of the year 2019, a decrease of 12.7 billion dirhams under the effect of the decline in both tax revenue. (-9.2 billion dirhams) than non-tax (-2.7 billion dirhams).
Thus, their rate of achievement, compared to the forecasts of the finance law, comes out at 42.6% against 49% a year earlier.
Regarding spending, the momentum observed in ordinary spending in recent months continued in June, while investment spending continued to decline, notes the ministry.
Thus, ordinary expenses were registered, at the end of June, up by almost MAD 8 billion (+ 7.1%) compared to the same period of the year 2019 and show an execution rate of 50.2 %.
As for the issues for investment expenditure, they fell by nearly 1.5 billion dirhams (-4.5%) compared to the end of June 2019, thus standing at 31.3 billion dirhams, with an execution rate of 44.5%.
In addition, the CSTs generated a surplus of MAD 15.1 billion against MAD 7.4 billion at the end of June 2019, an increase of MAD 7.7 billion. This increase is mainly explained by the surplus of MAD 15.3 billion generated by the Special Fund for the management of covid-19, the other CSTs having recorded a negative flow overall of MAD 146 million, against a surplus of MAD 7.4. MMDH a year ago.
While the situation produced by the General Treasury of the Kingdom (TGR) has a fundamentally accounting character, the SCRT apprehends the economic transactions carried out during a budgetary period by describing, in terms of flow, ordinary income, ordinary expenditure, investment expenditure, the budget deficit, the financing need and the financing mobilized to cover this need.
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