House of Representatives Adopts Settlement Bill Relating to the Execution of the 2021 Finance Act

The House of Representatives adopted, on Monday, July 24, 2023, by a majority of votes, Settlement Bill 11.23 relating to the execution of the 2021 Finance Act. The adoption took place during a legislative plenary sitting chaired by the Speaker of the House of Representatives, Hon. Rachid Talbi El Alami, and attended by the Minister Delegate to the Minister of Economy and Finance in Charge of the Budget, Mr. Faouzi Lakjaâ.

The Settlement Bill approves the results of the execution of the 2021 Finance Act at the level of the general budget, the special accounts of the Treasury, and the autonomously managed State services.

Concerning the general budget, the expenditures amounted by the end of the year to MAD 390.22 billion, while the income projection totaled MAD 335.62 billion. In the same respect, revenues reached MAD 3535 billion, with an achievement rate of 105.18%.

As for the special accounts of the Treasury, the expenditures amounted to MAD 114.03 billion, 86.77% of which were expenditures of the accounts allocated to special purposes. Regarding the revenues of these accounts, the 2021 Finance Act set them at MAD 94.30 billion while they amounted to MAD 130.05 billion.

Concerning achievement rates, the projections of the 2021 Finance Act were achieved with a total rate of 112% for revenues against 79% concerning expenses.

In total, the general budget recorded an increase of MAD 37.22 billion in expenditures over revenues. The special accounts of the Treasury recorded a rise of MAD 16.02 billion in revenues over expenditures. The execution of the 2021 Finance Act resulted globally in an increase in spending over revenues, established by the Settlement Bill for the fiscal year 2021 in MAD 17.98 billion.