Moroccan government budget deficit reached $1.23 billion at the end of April compared to $957 million dollars at the end of April 2017, according to statistics published by the kingdom's Department of Treasury and External Finance (DTFE) on Monday.
The Treasury revealed that the average income of the budget was relatively stable during this period, reaching $8.22 billion dollars with a slight increase of 0.5 percent due to the relative stagnation of fiscal resources which rose by 0.7 percent and the decline in non-fiscal resources by 2.6 percent.
In the same period of last year, average spending reached $7.9 billion, during which government investment expenditure fell by 4.7 percent to $2.4 billion.
The balance of the Treasury's private accounts fell about 35 percent, dropping from $1.25 billion to $810 million.
It is worth noting that accounts allocated to the Treasury are from 71 earmarked funds for which resources are awarded.
The funds include the National Initiative for Human Development Fund, the Recovery and Support Fund for Civil Protection, the Food Inflation Fund, the Special Court Fund, the National Security Fund and the Natural Disaster Fund.
During the first four months of 2018, total revenues of these funds were stable at $3.37 billion, while their total expenditures increased by 21 percent to $2.56 billion.
This raise is due to a 281 percent increase in the expenditures of Social Cohesion Fund, a 148 increase in the Special Fund share of the tax revenues, 109 percent increase in the Housing Support Fund and 33 percent raise in the Sports Development Fund.
