Morocco Raises $540 Million from State Asset Sales and Privatization

In detail, these revenues come from the privatization and disposal of state shareholdings, the increase in monopoly revenues, revenue in mitigation of debt service, and the gas pipeline royalty, the TGR indicates.

Monopoly revenues recorded an increase of 15.3% at the end of November, reaching 9.784 billion dirhams. They were paid to OCP, the central bank, Maroc Telecom and the land registry agency.

As for privatizations, their revenues amounted to 5.416 billion dirhams, the treasury stressed, adding that other non-tax revenues showed a 43.2% decrease, due to the decline in payments from the treasury’s special accounts to the national budget and trust funds.