This evolution should be analyzed taking into account in particular a base effect related to the impact on tax revenues of the sudden cessation of activity in 2020, the surplus of 8.3 billion dirhams recorded at the end of November 2020 under the Special Fund for the management of the Covid-19 pandemic, explained the Ministry which has published the SCRT of November 2021.
This also includes the recovery of economic activity observed during the current year, in connection with the progress made in terms of vaccination, strengthening domestic demand and the good agricultural campaign, as well as the increase in international prices of energy products, including butane gas, added the same source.
Revenues have recorded on a net basis of refunds, rebates and tax refunds, an increase of nearly 25.1 billion dirhams, compared to the end of November 2020 and a realization rate of 93.3% compared to the forecasts of the Appropriation Bill.