فاس نيوز ميديا جريدة الكترونية جهوية تعنى بشؤون و أخبار جهة فاس مكناس – متجددة على مدار الساعة
According to the monthly report released by the Kingdom’s General Treasury for August 2024, there has been a notable rise in tax revenues, including customs duties, value-added tax (VAT) on imports, and internal consumption taxes on energy products.
This growth is a positive indicator of the national economy’s recovery, driven by increased commercial activity and improving local and international economic conditions.
Net customs revenues reached over 10.44 billion dirhams by the end of August 2024, an increase of 8.8% compared to the same period last year.
This rise is attributed to increased trade activity, with both imports and exports seeing significant growth, thereby bolstering state resources and supporting its ability to fund development projects and government programs.
VAT on imports also recorded a growth of 10.5%, reaching 37.84 billion dirhams. This increase reflects a higher volume of imports, pointing to rising domestic demand and a wider variety of imported goods and services. VAT remains a crucial financial resource for the government, aiding in the funding of public expenditures.
Revenue from internal consumption taxes, particularly on energy products, saw a 9.5% increase compared to August 2023, totaling approximately 11.75 billion dirhams.
This growth is due to higher domestic energy consumption as well as improved international energy market performance, contributing to stronger tax revenues.
These figures account for deductions, tax exemptions, and refunded amounts, which totaled 82 million dirhams.
The overall rise in tax revenues reflects the government’s enhanced management of financial resources, which can be allocated to support key sectors such as education, health, and energy, fostering sustainable development and improving public services.
This improvement in tax revenues signals Morocco’s economic stability and increases its attractiveness for foreign investment.
The continued strong performance is expected to support economic growth and the achievement of economic and social development goals, with a focus on investing financial resources to strengthen infrastructure and essential services for citizens.
source: fesnews media
