Spending on compensation in Morocco amounted to 4.6 billion dirhams (MMDH) by the end of May 2024, a significant decrease from 9 billion dirhams a year earlier, representing a reduction of 49.5%, according to the General Treasury of the Kingdom (TGR).
These expenditures represent 27% of the total forecasted in the 2024 Finance Law, as detailed in TGR’s recent Monthly Bulletin of Public Finance Statistics (BMSFP).
Meanwhile, operating expenses reached 113.5 billion dirhams, with 65.7 billion dirhams allocated to salaries and wages, marking a 3.5% increase.
Additionally, material expenses rose slightly by 0.4% (32.6 billion dirhams compared to 32.4 billion dirhams), while common expense charges dropped by 41.8% (10.4 billion dirhams compared to 17.9 billion dirhams), primarily due to the 49.5% reduction in compensation spending.
The general budget’s share in tax refunds, reductions, and rebates also increased by 3.5%, driven by a rise in corporate tax refunds (1.45 billion dirhams compared to 1.05 billion dirhams) and a decrease in VAT refunds domestically (3.01 billion dirhams compared to 3.30 billion dirhams).
