PLF 2022: Here are the main figures of the State budget

PLF 2022: Here are the main figures of the State budget
PLF 2022: Here are the main figures of the State budget

The PLF 2022 was tabled in parliament on Monday, October 18. Here are the main figures of the first draft budget proposed by the government of Aziz Akhannouch.

The structure of the state budget

The total amount of charges amount to 519.2 billion DH for the year 2022 against 476 billion dirhams in 2021. An increase of 9.1%. The expected charges even exceed those of 2020 which were of the order of MAD 507.5 billion.

Those charges are distributed as follows:

  • General budget (excluding debt amortization): MAD 357.8 billion
  • SEGMA: 2.2 MMDH
  • Special Treasury Accounts (CST): MAD 98 billion
  • Amortization of the this medium and long term public: MAD 61.1 billion

Concerning the resources, they are estimated at MAD 460.6 billion in 2022 against 432.1 billion dirhams in 2021, an increase of 6.61%. The resources are distributed as follows:

  • General budget (excluding loan proceeds): MAD 254.9 billion
  • SEGMA: 2.2 MMDH
  • Special Treasury Accounts (CST): MAD 98.1 billion
  • Medium and long term loan receipts: MAD 105.3 billion

The residual financing needs of the Finance Law for the year 2022 are 58.5 billion dirhams.

68% of expenses go to operations

>> State budget expenditure.

Out of a total amount of MAD 357.8 billion, 67.4% are devoted to operating expenses:

– Expenses of functioning : 241.3 MMDH (+ 7%):

* Staff costs: 147.5 billion dirhams, up 5.5% compared to 2021. Of this amount, just over 20.3 billion dirhams are devoted to state contributions for social security and social security. retirement. This post has been increasing continuously since 2018.

* Equipment and miscellaneous expenses: MAD 55.7 billion, up 9.82% compared to 2021. Of this amount, MAD 33.6 billion are reserved for subsidies to public establishments and to SEGMAs. The other material expenses are of the order of 20 billion dirhams.

* Common-operating expenses: MAD 27.8 billion, up 13.13%. These expenses cover compensation expenses, certain expenses related to retirement and provident schemes, as well as various allowances, annuities and pensions.

* Unforeseen expenses: 2.2 billion dirhams in 2022 against 4.1 billion dirhams in 2021.

– Expenses investment : 87.4 billion dirhams (+ 13.21%), this represents 7.2% of the GDP.

To these credits opened for investment expenditure in 2022, are added the commitment credits for the year 2022 and following for an amount of 72.3 billion dirhams and the carry-over credits corresponding to the credits committed within the framework of the LF 2021 but not scheduled at December 31, 2021 amounting to MAD 12 billion.

The total amount of credits made available to administrations for investment spending amounts to MAD 171.7 billion.

– Expenditure relating to interest and public debt commission: MAD 29 billion (+ 1.4%).

21.2% increase in direct taxes and 10.7% in indirect taxes

>> Revenue from the state budget. The 254.9 billion dirhams of ordinary revenue are up 11.6%, driven by the new tax measures introduced within the framework of this PLF. They are broken down as follows:

* Direct taxes and similar taxes: the expected increase is 21.2% to 97.8 billion dirhams against 80.7 billion dirhams.

The corporate tax is estimated at 52 billion dirhams in 2022 against 38.6 billion dirhams in 2021, an increase of 34.7%.

IR is estimated at 43.2 billion dirhams with an increase of 8.5%.

* Indirect taxes: These revenues represent 41.5% of the State budget with an amount expected for the year 2022 of 105.9 billion dirhams.

Internal VAT receipts are estimated at 31.3 billion dirhams, a small increase of 3.5%.

For VAT collected by the customs administration, the expected amount is 43.1 billion dirhams, up 19%.

Revenue from the tax on energy products amounted to MAD 17.1 billion, an increase of 7.5%.

Tobacco tax revenue will increase by 5.4% to 11.8 billion dirhams.

* Customs duties: an increase of 10.8% is expected to 11.8 billion dirhams against 10.6 billion dirhams in 2021.

* Registration and stamp duties: MAD 15 billion are expected for 2022, a small increase of 1.6%.

* State revenues: an increase of 37.3% is expected for 349 MDH against 254.5 MDH.

* Products of monopolies, holdings and financial holdings of the State: a drop of 18.3% is expected on this item, the estimated revenues of which fall from 17 billion dirhams in 2021 to 13.9 billion dirhams.

ANCFC : 3,2 MMDH

Bank Al Maghrib: 600 MDH

ANRT : 100 MDH

Barid Al Maghrib: 90 MDH

* Privatization receipts: 5 billion dirhams are expected.

The tax provisions of the PLF 2022: will companies save the budget?

 
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