Morocco’s Ministry of Economy and Finance said Monday that the situation of the Moroccan Treasury's expenses and resources indicated a budget deficit of 30.4 billion dirhams ($3 billion) by August 31, against 43.3 billion dirhams ($4.3 billion) a year earlier.
Also, tax revenues showed a good overall performance, with an increase of 19.8%, recording a realization rate of 75.1% despite the increase in refunds, rebates and tax refunds, which have amounted to 9.4 billion dirhams.
