The public treasury of the Kingdom of Morocco, affiliated to the Ministry of Economy, Finance and Administration Reform, revealed a budget deficit until the end of last June, amounting to 28.8 billion dirhams ($2.8 billion), compared to a budget deficit of 22.8 billion dirhams (2.2 billion dollars) during the same period from last year.
According to the report issued by the public treasury, this deficit is caused by a positive balance of 8.3 billion dirhams ($830 million), due to the treasury’s special accounts and the interests of the country that is managed in an independent manner. Indicating that on the basis of revenue received and outgoing expenditures, the implementation of the Finance (Budget) Law also reveals a negative normal balance of 805 million dirhams ($80.5 million), compared to a positive balance of 2.3 billion dirhams ($230 million) recorded last year.
The public treasury report showed that the total resources of the new Corona pandemic management fund (Covid-19) reached, until the end of last June, a total of 33.3 billion dirhams (3.3 billion dollars). Noting that at the end of last month, the special fund account for the management of the "Covid-19" pandemic registered resources amounting to 33.3 billion dirhams, while expenditures amounted to 18.1 billion dirhams ($1.8 billion).
Source (Al-Sharq Al-Awsat newspaper, Edited)
