The whole quantity of funds mobilized by means of exterior monetary operations (loans and grants mixed) reached 11.7 billion dirhams (MMDH) in 2021, a big lower of greater than 50% in comparison with 2020, based on the Price range Workplace of the Ministry of Financial system and finance.
This variation “is as a result of restoration of tax revenues and efforts to enhance the macroeconomic steadiness in comparison with fiscal 12 months 2020, the place the usage of debt to rapidly mobilize the sources wanted to fight the destructive penalties of the pandemic was not an possibility,” defined the Administration within the exercise report for 2021 12 months.
And let’s observe that 25% of the envelopes mobilized are directed to the advantage of social safety of the inhabitants.
Moreover, the report exhibits that 98% of mobilized envelopes have been within the type of loans (67% for results-oriented packages and 33% for reform packages), whereas 2% have been within the type of donations.
The Division of Price range, along with the Division of Finance and Exterior Finance (DTFE), contributes to the definition of technique and requirements referring to exterior financing. It determines the situations and process for financing initiatives or packages included in state budgets, budgets of native authorities and state our bodies, the checklist of which is established by order of the Minister of Financial system and Finance. It additionally seeks, negotiates and mobilizes exterior help essential for the implementation of mentioned initiatives or packages and supervises their use.
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