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The ordinary revenue of local authorities up 2.9% at the end of August 2022

By Faisal Ismaili on 09/21/2022 at 7:18 p.m.

Revenue Budget

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Kiosk360. +2.9% at the end of August 2022: the ordinary revenue of local authorities is up compared to the same date last year. They reach 28.6 billion dirhams, according to the General Treasury of the Kingdom. This article is a press review of the daily newspaperAujourd’hui le Maroc.

Local authorities recorded ordinary revenue of around 28.6 billion dirhams at the end of August 2022, which represents an increase of 2.9% compared to the same period in 2021. Data revealed by the General Treasury of the Kingdom (TGR) which explains that this change is the result of the 5.3% increase in transferred revenue and 4.6% in revenue managed by local authorities, combined with the 4.5% drop in revenue managed by the State , reports Morocco today in its September 22 issue.

On the tax revenue side, they stood at 23.3 billion dirhams at the end of August 2022, i.e. +2.7% compared to the same date a year earlier, due to the 14.6% drop in taxes and the 18.6% increase in indirect taxes.

In detail, transferred resources, a component of tax revenue, amounted to 16.9 billion dirhams at the end of August 2022, i.e. +5.3% in one year. This increase is explained by a series of increases, whether from local authorities in the proceeds of VAT (+1,848 million dirhams), support funds (+280 million dirhams) and tax on insurance contracts (+188 million dirhams), all combined with the decrease in the share of the regions in the product of IS and IR (-1,089 million dirhams) and subsidies (-376 million dirhams).

Resources managed by the State on behalf of local authorities fell by 4.5%, from 6.47 billion dirhams at the end of August 2021 to 6.18 billion dirhams at the end of August 2022. newspaper dissects this decline which comes from the decline in the municipal services tax (-212 million dirhams), business tax (-51 million dirhams) and housing tax (-26 million dirhams).

As for the overall expenditure of local authorities, it is up slightly by 0.7% compared to the same period last year, thus reaching 24.5 billion dirhams at the end of August 2022.

By Faisal Ismaili


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