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Over the next four years, taxes on companies with annual profits of more than Dh100 million are planned to be

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2020-12-11 13:05:51 GMT2020-12-11 21:05:51(Beijing Time) Xinhua English RABAT, Dec. 11 (Xinhua) -- Morocco's budget deficit soared to 6.6 billion U.S. dollars in the first 11 months of 2020, up from 4.5 billion dollars last year, the Moroccan Treasury said Friday. Ordinary revenues and taxes declined by more than 2 billion dollars by the end of November. Meanwhile, the state spending rose by more than 1.1 billion dollars mainly due to the increasing demands for financing because of the COVID-19 pandemic. Morocco on Tuesday issued 3-billion-U.S. dollars bonds in the international financ...

Source: Xinhua| Editor: huaxia Video PlayerClose RABAT, Dec. 11 (Xinhua) -- Morocco's budget deficit soared to 6.6 billion U.S. dollars in the first 11 months of 2020, up from 4.5 billion dollars last year, the Moroccan Treasury said Friday. Ordinary revenues and taxes declined by more than 2 billion dollars by the end of November. Meanwhile, the state spending rose by more than 1.1 billion dollars mainly due to the increasing demands for financing because of the COVID-19 pandemic. Morocco on Tuesday issued 3-billion-U.S. dollars bonds in the international financial market. According to the o...