The Kingdom’s General Treasury revealed that the tax revenues of territorial communities amounted to 30.5 billion dirhams at the end of October 2023, an increase of 5.3 percent compared to their level at the end of October 2022.
The Kingdom’s General Treasury explained, in its latest monthly bulletin on local financial statistics, that this development is due to an increase in direct taxes by 9.8 percent, and indirect taxes by 1.9 percent, highlighting that tax revenues constituted 81.1 percent of Total income of territorial communities at the end of October 2023.
The same source added regarding the transferred resources, at the end of October 2023, that they amounted to 22.9 billion dirhams, compared to 22.5 billion dirhams recorded a year ago, an increase of 1.6 percent.
This is due to a 13 percent increase in the regions’ share of corporate and income tax revenues (plus 519 million dirhams), and a 2.7 percent increase in the territorial share of value-added tax revenues (plus 377 million dirhams), and by 33.4 percent in the support fund (plus 281 million dirhams), coupled with a 17 percent decrease in support (minus 504 million dirhams), and a 50.2 percent decrease in the territorial communities’ share of tax revenues on insurance contracts (minus 322 million dirhams). dirham).
The bulletin also stated that the share of territorial municipal revenues consists of 38.4 percent of value-added tax revenues.
As for the resources managed by the state for the benefit of territorial groups, they amounted to 7,263 billion dirhams, compared to 6,782 billion dirhams a year ago, an increase of 7.1 percent, coming from an increase of 12.4 percent in the professional tax (plus 355 million dirhams). ), by 2.8 percent of the tax on collective services (plus 100 million dirhams), and by 7.8 percent of the housing tax (plus 26 million dirhams).
Regarding the resources managed by territorial communities, they amounted to 7,475 billion dirhams at the end of October 2023, compared to 7,032 billion dirhams a year ago, an increase of 6.3 percent.
It consists mainly of tax revenues on unbuilt urban lands (1,608 billion dirhams), temporary occupancy fees for the collective public domain (1,023 billion dirhams), revenues on the public domain (675 million dirhams), and the tax on construction works (667 million dirhams).
The development of the structure of territorial communities’ resources between the end of October 2022 and the end of October 2023 shows a decline in the share of transferred resources, coupled with an increase in the share of resources managed by the state, as well as in the share of resources managed by territorial communities.