The Supreme Council of Accounts has issued its annual report for the period 2023-2024, which includes the results of its oversight and judicial work during this period. The following are the main points in the report:
Economic and Financial Situation
- Economic growth improved, rising from 1.5% in 2022 to 3.4% in 2023.
- The inflation rate decreased from 6.6% in 2022 to 6.1% in 2023.
- The budget deficit decreased from 5.4% in 2022 to 4.4% in 2023.
- Public debt increased by 6.8% to reach 1016.6 billion dirhams in 2023.
Judicial Work of Financial Courts
- The number of ongoing cases in the field of financial discipline reached 297 files.
- Judgments were issued with fines amounting to 5 million dirhams and refunds of 9.1 million dirhams.
- Financial courts recorded the recovery of 28.1 million dirhams by the concerned agencies.
Auditing Political Party Accounts
- 24 political parties and one trade union organization returned 38.4 million dirhams of unjustified public support.
- 20.1 million dirhams were disbursed as additional annual support to seven parties in 2022.
Key Recommendations
The Council called for:
- Accelerating the implementation of tax reform and reform of the public institutions sector.
- Enhancing the efficiency of public spending and the effectiveness of public investment.
- Developing mechanisms for managing and controlling the strategic reserve of the hydrocarbon sector.
- Establishing an appropriate strategy and legal framework for developing the natural gas market.
The report emphasizes the importance of rationalizing public expenditures and directing them towards priority areas in light of current economic and financial challenges.