MEDI1TV Afrique : JT Economie - 01/07/2024
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00:00Hello everyone and welcome to your Economy newspaper.
00:11In Morocco, economic growth reached 2.5% in the first quarter of 2024,
00:17falling compared to the same period of the previous year.
00:21According to the High Commissioner for National Accounts,
00:24the shutdown of the first quarter of the year in progress
00:27led to a slowdown in growth,
00:29placing itself at 2.5% instead of 3.9% during the same quarter of the previous year.
00:36Non-agricultural activities have shown an increase of 3.2%
00:40and that of the agricultural sector a drop of 5%.
00:44This growth was driven by domestic demand
00:47in the context of a controlled inflation
00:50and an improvement of the national economy's financing capacity.
00:54In national economic news,
00:56the non-financial sector's bank loan also showed a 2.1% growth in May 2024,
01:04falling compared to the 2.7% recorded in the previous month according to Bank Al-Maghribah.
01:10This decline mainly reflects a decrease in loans to non-financial companies deprived of 1.2%,
01:17with a modest increase in household loans of 0.9%.
01:22At the same time, the growth rate of loans to the public sector
01:25has slightly fallen from 17.7% to 17.4%.
01:30Economic analysis reveals a 1.1% drop in treasury facilities,
01:35while equipment loans have increased by 7.5%,
01:40real estate loans by 1.3% and consumer loans by 0.9%.
01:46We continue our edition today in Morocco
01:50with the latest figures from the General Tax Administration.
01:53Tax revenues reached 190.67 billion dirhams in 2023,
02:00recording an increase of 6.9% compared to 2022.
02:06The implementation of the objectives set by the 2023 Finance Act
02:10was in line with the expectations, reaching 100%.
02:13The net revenues from tax on companies
02:16reached 65.8 billion dirhams of income tax,
02:2153.9 billion dirhams of tax on added value,
02:2534.7 billion dirhams,
02:27and 24.1 billion dirhams of registration rights.
02:31In terms of annual growth,
02:33revenues for these categories experienced respective increases of 0.3%, 6%, 19% and 9%.
02:41The gross tax revenues for the previous year
02:44rose to 209.03 billion dirhams,
02:48an increase of 6.7% compared to 2022.
02:53In international economic news,
02:55the International Monetary Fund's Administration Council
02:59announced a $570 million discount for Zombie
03:04following the completion of the third review of the lending facility.
03:09These funds will help the country to achieve the viability of its debt
03:12and its public finances,
03:13to strengthen governance and to promote inclusive growth
03:17to improve the means of subsistence of populations
03:20according to the Bretton Woods Institute.
03:23Its Administration Council has also approved a request
03:26aiming to increase financial support from $1.3 billion to $1.7 billion
03:32to help this country in South Africa to respond to a serious drought
03:37which has led to loss of crops and affected the production of electricity.
03:41Zambia, which became the first African country to default on payments
03:45during the COVID-19 pandemic,
03:47has accumulated a debt estimated at $32.8 billion,
03:51of which $18.6 billion is a loan from a foreign creditor,
03:55according to figures from the Ministry of Finance.
03:58The Chinese manufacturing sector has now contracted
04:03for the second consecutive month in June.
04:05The index of the world's purchasing directors is set at 49.5% in June,
04:13identical to the May figures according to the National Bureau of Statistics.
04:17An index below 50 indicates a decline in activity,
04:21while a higher index indicates an expansion.
04:24The contraction of the manufacturing sector is a worrying sign
04:28for the second world economy,
04:30which struggles to regain momentum since the end of 2022,
04:33the end of restrictions against the COVID-19 pandemic.
04:37According to experts, a deep debt crisis in the real estate sector,
04:41formerly flourishing, tons of consumption and a high unemployment rate,
04:46especially among young people,
04:48are as many obstacles as China is facing.
04:52We come to the end of our edition today.
04:54Excellent follow-up of the programs on our antenna.
05:03Thank you for watching.