DEPF: Increase in Treasury levies to more than 100 billion dirhams at the end of August

The Department of Studies and Financial Forecasts (DEPF), let it be known on Friday that the gross levies of the Treasury increased, year-on-year, by 35.2% to 100.8 billion dirhams (MMDH) at the end of the first eight month of year 2020.

In its September economic report, the DEPF indicates that this increase concerned the volume subscribed in short and medium maturities, while that of short maturities has almost quadrupled, from 5.8 billion dirhams to 21.3 billion dirhams, or 21.3 billion dirhams. 1% of the lifting after 7.8%.

The volume of average maturities, for its part, appreciated by 77% to reach MAD 50.9 billion, predominantly raising up to 50.5% after 38.6% last year, while on the other hand, that raised in long maturities fell by 28.5% to 28.6 billion dirhams, or 28.4% of the raised.

This economic report also shows an increase, on a monthly basis, of 0.4% to MAD 601.7 billion in the outstanding amount of Treasury bills issued by auction at the end of August 2020. The structure of this outstanding amount has been marked. by the decline in the share of long maturities by 2.9 points.

Regarding the shares of short and medium maturities, they increased by 2 and 0.8 points respectively to 3.9% and 35.5%, while the volume of bids stood at 231.5 billion dirhams, down 5.5% compared to the end of August 2019.

The volume tendered for medium maturities fell by 11.5% to MAD104.8 billion, channeling 45.3% of total tenders. For its part, that of long maturities fell by 39% to 52.1 billion dirhams (22.5% of the volume of bids).

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In addition, the volume of short maturities increased by 81.3% to MAD 74.6 billion, to represent 32.2% of the total.

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