Back Matter

Back Matter

Author(s):
Sena Eken, Jörg Decressin, Filippo Cartiglia, Klaus-Stefan Enders, Saleh Nsouli, and Van Thai
Published Date:
December 1995
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    References
    Appendices
    Appendix I Statistical Tables
    Table A1.Gross Domestic Product by Sector of Origin
    198719881989199019911992
    (In millions of Moroccan dirhams at current prices)
    Primary sector24,07531,34733,37037,67548,01036,031
    Agriculture, livestock, and fishing24,07531,34733,37037,67548,01036,031
    Secondary sector51,51160,55864,33570,05075,68579,364
    Mining3,9925,3775,1725,3435,3134,991
    Energy and water11,53814,22314,06713,06915,46717,282
    Manufacturing28,58731,39134,55440,28442,84545,051
    Construction and public works7,3949,56710,54211,35412,06012,040
    Tertiary sector63,28670,42073,41780,73689,47096,797
    Commerce20,65721,87821,55224,15227,53428,381
    Transport and communication10,51012,03012,73513,20514,06615,191
    Other services20,09322,47622,91224,00224,95827,872
    Indirect taxes less subsidies12,02514,03516,21719,37822,91225,353
    Government17,81819,90622,80925,34128,48230,296
    Gross domestic product (GDP)156,690182,230193,931213,803241,647242,488
    (Annual percent change)
    Primary sector–18.530.26.512.927.4–25.0
    Agriculture, livestock, and fishing–18.530.26.512.927.4–25.0
    Secondary sector3.217.66.28.98.04.9
    Mining–11.934.7–3.83.3–0.6–6.1
    Energy and water3.623.3–1.1–7.118.311.7
    Manufacturing7.59.810.116.66.45.1
    Construction and public works–3.629.410.27.76.2–0.2
    Tertiary sector7.111.34.310.010.88.2
    Commerce3.95.9–1.512.114.03.1
    Transport and communication16.714.55.93.76.58.0
    Other services5.411.91.94.84.011.7
    Indirect taxes less subsidies7.916.715.519.518.210.7
    Government10.311.714.611.112.46.4
    Gross domestic product (GDP)1.316.36.410.213.00.3
    (In percent of GDP)
    Primary sector15.417.217.217.619.914.9
    Agriculture, livestock, and fishing15.417.217.217.619.914.9
    Secondary sector32.933.233.232.831.332.7
    Mining2.63.02.72.52.22.1
    Energy and water7.47.87.36.16.47.1
    Manufacturing18.217.217.818.817.718.6
    Construction and public works4.75.35.45.35.05.0
    Tertiary sector40.438.637.937.837.039.9
    Commerce13.212.011.111.3
    Transport and communications6.76.66.66.25.86.3
    Other services12.812.311.811.2
    Indirect taxes less subsidies7.77.78.49.1
    Government11.410.911.811.911.812.5
    Gross domestic product (GDP)100.0100.0100.0100.0100.0100.0
    Source: Moroccan authorities.
    Table A2.Savings-Investment Balance(In billions of Moroccan dirhams at current prices)
    198719881989199019911992Prel.
    1993
    Gross domestic product156.7182.2193.9213.8241.6242.5253.9
    National disposable income1164.7186.6197.5224.3250.9254.4265.9
    National consumption2129.7144.0157.6171.5198.4201.5211.3
    Central government22.325.227.428.833.636.737.9
    Non-central government107.4118.8130.3142.7164.8164.8173.4
    Gross domestic savings20.230.328.933.136.031.234.3
    Central government6.710.210.115.815.419.418.8
    Non-central government13.520.018.717.320.611.815.5
    Gross national savings35.042.639.852.852.652.954.6
    Central government0.44.02.714.212.512.512.5
    Non-central government34.638.637.138.540.440.442.1
    Gross investment33.038.345.953.655.155.758.6
    Gross fixed investment31.637.244.251.053.955.857.1
    Central government9.711.714.315.515.117.219.5
    Non-central government22.025.629.935.538.838.637.6
    Changes in stocks1.41.01.82.61.2–0.11.5
    National savings-investment gap2.04.3–6.1–0.8–2.6–2.7–4.0
    Central government–9.3–7.7–11.6–1.3–2.5–4.7–7.0
    Non-central government11.212.05.50.4–0.12.03.0
    Exports of goods and nonfactor services327.535.433.741.344.342.443.1
    Imports of goods and nonfactor services440.343.450.861.863.566.867.4
    Resource gap–12.8–8.0–17.1–20.5–19.1–24.4–24.3
    Net income from abroad (including transfers)8.04.43.510.59.311.912.1
    Central government–6.3–6.2–7.4–1.6–2.9–6.9–6.3
    Non–central government14.410.610.912.012.118.818.4
    Net consumption of nonresidents6.77.97.59.47.39.88.2
    Capital transfers0.10.20.20.20.20.20.2
    External current account
    (national accounts data)2.14.6–5.8–0.6–2.4–2.5–3.8
    Statistical discrepancy–5.2–2.6–3.21.81.8–2.1–0.3
    External current account
    (balance of payments data)–3.12.0–9.01.2–0.5–4.6–4.1
    Memorandum items:
    Net financial balances
    Government (domestic savings basis)–2.9–1.4–4.20.30.32.2–0.7
    Government (national savings basis)–9.3–7.7–11.6–1.3–2.5–4.7–7.0
    Nongovernment (domestic savings basis)–9.9–6.5–12.9–20.8–19.5–26.6–23.6
    Nongovernment (national savings basis)11.212.05.50.4–0.12.03.0
    Source: Moroccan authorities.

    GDP plus net factor income and net transfers from abroad.

    Includes consumption by Moroccan residents abroad but excludes domestic consumption by nonresidents.

    Excludes consumption by nonresidents.

    Excludes consumption by residents abroad.

    Table A3.Supply and Use of Resources
    198719881989199019911992Prel.
    1993
    (In billions of Moroccan dirhams at current prices)
    Gross domestic product156.7182.2193.9213.8241.6242.5253.9
    Imports of goods and nonfactor services40.343.450.861.863.566.867.4
    Total resources197.0225.6244.8275.6305.1309.3321.2
    Gross domestic expenditure169.5190.2211.0234.3260.8266.9278.2
    Domestic consumption136.5151.9165.1180.7205.6211.3219.5
    Non-central government114.2126.8137.7151.9172.1174.6181.6
    Central government22.325.227.428.833.636.737.9
    Gross fixed investment31.637.244.251.053.955.857.1
    Non-central government22.025.629.935.538.938.637.6
    Central government9.711.714.315.515.117.219.5
    Changes in stocks1.41.01.82.61.2–0.11.5
    Exports of goods and nonfactor services27.535.433.741.344.342.443.1
    Memorandum items:
    Net income from abroad
    (including transfers)8.04.43.510.59.311.912.1
    National disposable income164.7186.6197.5224.3250.9254.4265.9
    (In percent of GDP)
    Gross domestic product100.0100.0100.0100.0100.0100.0100.0
    Imports of goods and nonfactor services25.723.826.228.926.327.626.5
    Total resources125.7123.8126.2128.9126.3127.6126.5
    Gross domestic expenditure108.2104.4108.8109.6107.9110.1109.6
    Domestic consumption87.183.485.184.585.187.186.5
    Non-central government72.969.671.071.071.272.071.5
    Central government14.213.814.113.513.915.114.9
    Gross fixed investment20.220.422.823.922.323.022.5
    Non-central government14.014.015.416.616.115.914.8
    Central government6.26.47.47.26.27.17.7
    Changes in stocks0.90.60.91.20.5–0.10.6
    Exports of goods and nonfactor services17.519.417.419.318.317.517.0
    Memorandum items:
    Net income from abroad
    (including transfers)5.12.41.84.93.84.94.8
    National disposable income105.1102.4101.8104.9103.8104.9104.8
    Sources: Moroccan authorities; and IMF staff estimates.
    Table A4.Gross Fixed Capital Formation and Its Components
    198719881989199019911992Prel.
    1993
    (In millions of Moroccan dirhams at current prices)
    Machinery and equipment13,41315,30919,58324,30225,87427,97227,972
    Buildings9,44711,80413,67615,32716,21415,38515,077
    Construction7,3478,7989,4409,5229,5319,91811,404
    Civil engineering and plantations7057178141,2221,4891,6931,786
    Livestock719608661662783836882
    Total gross fixed capital formation31,63237,23644,17451,03553,89155,80457,121
    Of which: Public administration5,5386,7406,4806,8466,674
    Construction2,5303,3953,2963,4403,370
    Buildings1,4611,4791,4451,5211,478
    Equipment1.2681.4131.3311.4751,402
    Other investments279453408410424
    (In percent of total)
    Public administration17.518.114.713.412.4
    Source: Moroccan authorities.
    Table A5.Production, Consumption, Imports, and Prices of Main Cereals1
    1988/891989/901990/911991/92Prel.
    1992/93
    (In thousands of hectares)
    Cultivated area
    Total5,4345,5115,3844,9154,909
    Annual percent change4.31.4–2.3–8.7–0.1
    (In thousands of metric tons)
    Production
    Total7,3296,1888,5272,8592,692
    Annual percent change–6.4–15.637.8–66.5–5.8
    Hard wheat1,7671,6172,216682631
    Soft wheat2,1601,9972,723880942
    Barley2,9992,1383,2531,0811,027
    Maize40343633521692
    (In kilograms per hectare)
    Yield
    Total1,3491,1231,584582548
    Annual percent change–10.2–16.741.0–63.3–5.7
    (In thousands of metric tons)
    Imports21,3031,5221,8983,0372,788
    (Annual percent change)
    Prices
    Producer price
    Hard wheat9.16.30.717.7
    Barley4.916.3–2.038.1
    Maize3.31.610.520.9
    Import price
    Wheat40.2–28.3–17.632.110.0
    Barley–12.013.68.012.311.0
    (Ratio)
    Memorandum items:
    Producer price/import price
    Wheat1.522.162.792.22
    Barley1.952.001.812.23
    Source: Moroccan authorities.

    Crop year: November–October.

    Imported in calendar year beginning during the crop year.

    Table A6.Official Agricultural Producer Prices1(In Moroccan dirhams per quintal)
    1987/881988/891989/901990/911991/92Prel.
    1992/93
    Hard wheatfreefreefreefreefreefree
    Soft wheat200220225235240240
    Barleyfreefreefreefreefreefree
    Maizefreefreefreefreefreefree
    Rice, roundfreefreefreefreefreefree
    Rice, longfreefreefreefreefreefree
    Cotton600600670670670570
    Sugar beets (DH per ton)215240252277291305
    Sugarcane (DH per ton)160185175190195195
    Sunflower seeds410430430430440440
    Milk (DH per liter)2.132.352.352.352.842.84
    High lactose1.932.132.132.332.622.62
    Low lactose2.332.662.662.923.143.14
    Source: Moroccan authorities

    Crop year: November–October.

    Table A7.Area, Production, and Yield of Cereals1
    1987/881988/891989/901990/911991/92Prel.
    1992/93
    (In thousands of hectares)
    Cultivated area
    Total5,3025,5145,5955,4915,3764,940
    Hard wheat1,1051,1701,2501,2451,0881,134
    Soft wheat1,2121,4601,4701,3971,1401,177
    Barley2,4992,3992,4152,3572,2332,151
    Maize396406376385454447
    Subtotal5,2125,4345,5115,3844,9154,909
    Rice80.70.86811
    Other cereals82798310145320
    (In thousands of metric tons)
    Production
    Total7,9387,4086,2678,6582,8962,810
    Hard wheat1,7661,7671,6172,216682631
    Soft wheat2,2532,1601,9972,723880942
    Barley3,4532,9992,1383,2531,0811,027
    Maize35840343633521692
    Subtotal7,8307,3296,1888,5272,8592,692
    Rice3343252254
    Other cereals7575761061564
    (In kilograms per hectare)
    Yields
    Hard wheat1,5981,5111,2941,780627556
    Soft wheat1,8591,4801,3591,949772800
    Barley1,3821,2508851,380484477
    Maize9049931,160870476206
    Rice4,1255,7143,7504,1672,7504,909
    Other cereals9159469161,050333,200
    Source: Moroccan authorities.

    Crop year: November–October.

    Table A8.Imports of Main Agricultural Products
    198719881989199019911992Prel.
    1993
    (In millions of Moroccan dirhams)
    Value of imports1
    Total2,0082,1252,5512,2552,2624,1613,853
    Wheat1,4461,4151,8181,4101,3142,7372,475
    Sugar377558673666593808507
    Maize18515060164206266285
    Barley315149350586
    (In thousands of metric tons)
    Volume of imports
    Total2,4951,7931,5791,7722,1783,4433,044
    Wheat1,9451,3691,2551,3571,5342,4181,988
    Sugar294278276250280406256
    Maize25614248145181240246
    Barley420183379554
    (In Moroccan dirhams per quintal)
    Import prices
    Wheat7410314510486113124
    Sugar128201244266212199198
    Maize72105125113114111116
    Barley75758192106
    Source: Moroccan authorities.

    Imports through September 1993.

    Table A9.Official Marketing of Principal Homegrown Cereals by ONICL1

    (In thousands of quintals)2

    1987/861988/891989/901990/911991/92Prel.
    1992/93
    Total7,36311,53712,5637,95512,5242,009
    Hard wheat411516552874877331
    Soft wheat5,4049,31310,0895,99710,8961,290
    Barley866924816416500139
    Maize6827841,106668251249
    Source: Office national interprofessionnel des céréales et légumineuses (ONICL).

    Marketing season: June–May.

    Ten quintals equals 1 metric ton.

    Table A10.Sugar Industry Developments(In thousands of tons)
    198719881989199019911992Prel.
    1993
    Volume processed13,5944,0863,7973,9054,0053,7544,108
    Sugar beets2,7572,9902,8142,8982,9792,7603,162
    Sugarcane8381,0969831,0071,026994946
    Domestic production426505471484498444494
    From sugar beets352393377380397349399
    Raw sugar210224217229239
    White sugar142169160151158
    From sugarcane73112941041019595
    Raw sugar1829242423
    White sugar5683708078
    Imports2294334282264266406256
    Raw sugar284278282264266378256
    White sugar105628
    Refined sugar production686700774751783806850
    Sugar loaf369349399386407408416
    Sugar cubes64598985829597
    Granulated sugar252292286280294303337
    Sugar consumption691666734770778811816
    Sugar loaf376353388401411412417
    Sugar cubes62627083839599
    Granulated sugar253251276286284304300
    Source: Moroccan authorities.

    Production during the sugar beet season (15 May–10 August).

    Imports through September of crop year.

    Table A11.Livestock and Controlled Slaughtering(In thousands of head)
    198719881989199019911992Prel.
    1993
    Livestock1
    Cattle3,1783,4003,3243,3463,4383,2862,924
    Sheep16,13616,90013,76113,51516,26817,21016,302
    Goats5,8076,1005,2815,3354,9815,4654,773
    Camels41
    Controlled slaughtering2
    Total4,2963,8734,0104,7994,1806,1385,360
    Cattle6084254668471,0281,0641,060
    Sheep2,7852,6072,7022,8772,1124,1003,350
    Goats9038418421,0751,040974950
    Source: Moroccan authorities.

    Estimates of livestock population at end-March.

    Slaughterings on an annual basis.

    Table A12.Marine Fisheries(In thousands of metric tons)
    198719881989199019911992Prel.
    1993
    Production489.7550.0518.0551.0600.0546.1580.0
    Coastal fishing367.9423.0410.0425.0452.0414.2450.0
    Deep-sea fishing121.8127.0108.0126.0148.0131.9130.0
    Local consumption143.4154.0155.0172.0150.0183.0190.0
    Exports186.1187.0176.0186.8217.4188.0188.9
    Fresh and frozen fish57.749.050.565.051.932.832.6
    Crustaceans and mollusks69.270.962.461.597.394.3100.0
    Canned fish52.459.259.754.457.355.155.5
    By-products6.87.93.45.910.95.88.0
    Source: Moroccan authorities.
    Table A13.Mineral Production and Exports(In thousands of tons)
    198719881989199019911992Prel.
    1993
    Production
    Phosphate rock extraction21,27025,01518,06721,36417,97019,14618,366
    Iron ore2791561761509985107
    Manganese43303450594942
    Lead ore1041009496103105114
    Zinc ore202135405242127
    Copper ore41384240393436
    Anthracite634637504526552576590
    Barite127322403364435402269
    Silver (tons)162200225184275151225
    Exports
    Dry phosphate rock13,06014,26012,42611,6729,1439,1328,467
    Iron ore93888568685055
    Manganese44484343433140
    Lead ore31382929161844
    Zinc ore242229414640118
    Copper ore51384038393937
    Anthracite2092
    Barite254392388373445337326
    Silver (tons)146165183179205150212
    Source: Moroccan authorities.
    Table A14.Index of Industrial Production(1987 = 100; period average)
    Weights

    (In total)
    19871988198919901991Prel.
    1992
    Foodstuffs10.10100.0105.3104.1106.2110.2110.2
    Other food products11.00100.0109.5113.1126.7121.0129.7
    Beverages and tobacco5.80100.0112.6112.7120.3129.5126.8
    Textiles14.00100.0106.3105.6109.6113.5116.6
    Clothing (excluding shoes)6.20100.097.6102.9102.295.1105.6
    Leather and shoes2.60100.0108.7113.7111.4124.6124.5
    Wood and wood products1.70100.0108.2110.9110.1119.3111.8
    Paper products5.20100.0108.9111.3122.4119.1114.5
    Processed mineral ore9.10100.0114.2130.1153.2171.7174.4
    Metallurgical products4.40100.0116.5133.3132.1141.0136.8
    Metal products5.00100.0105.1110.9117.8125.9143.1
    Machinery (excluding transport)1.80100.096.892.598.2103.4107.4
    Transport equipment3.80100.0107.6118.7128.4131.8108.7
    Electronic equipment3.90100.095.9107.1116.3110.298.7
    Office, measuring, optical equipment0.20100.098.0133.4149.8175.4216.9
    Chemicals12.70100.0116.3100.8122.0118.5126.9
    Rubber and plastic products2.40100.0108.0108.0116.6121.5110.6
    Other manufacturing0.10100.0101.8156.8140.5142.0142.5
    Total manufacturing industry100.00100.0108.5110.7120.0122.9125.0
    Source: Moroccan authorities.
    Table A15.Authorized Industrial Investments1
    198719881989199019911992Prel.
    1993
    (In millions of Moroccan dirhams)
    Investments
    Agro-industries6491,0691,1531,9521,3131,9951,805
    Creation306384428904350447363
    Expansion3436857251,0489631,5481,442
    Textiles and leather1,8572,2332,4673,5833,0462,2751,555
    Creation6517117651,626781851421
    Expansion1,2061,5221,7021,9572,2651,4241,134
    Chemical products9541,4411,9762,7574,3513,0712,369
    Creation2652504098221,5169281,028
    Expansion6891,1921,5671,9352,8352,1431,341
    Mechanical and electrical products4675771,5201,091863926800
    Creation1622211,064542275313300
    Expansion305357455549588613500
    Other industries6133748791,4431,4451,9361,707
    Creation2781052945744941,1181,024
    Expansion335270585869951818683
    Services related to industry33175164627344
    Creation6682117196
    Expansion26114343455438
    Total4,5735,7128,04610,89011,08010,2768,280
    Creation1,6681,6752,9684,4893,4333,6763,142
    Expansion2,9054,0375,0786,4017,6476,6005,138
    (Number of new positions)
    Employment
    Agro-industries4,2225,0625,0627,2606,5728,7675,572
    Textiles and leather35,81238,19841,45050,85147,14933,96627,245
    Chemical products5,7426,7588,89614,10913,49315,89913,221
    Mechanical and electrical products4,4755,3486,1117,6066,3446,1997,259
    Other industries3,2662,6274,2778,8397,48511,4748,478
    Services related to industry315349475841649691433
    Total53,83258,34266,27189,50681,69276,99662,208
    Source: Moroccan authorities.

    Investment authorized by the Ministry of Commerce and Industry in the context of the investment codes.

    Table A16.Foreign Direct Investment by Sector1(In millions of Moroccan dirhams)
    198719881989199019911992Prel.
    1993
    Sectors
    Real estate256334348423518334359
    Industry2051492203297581,0741,116
    Textiles34108521541016390
    Fishing4845572220418
    Tourism757110510520742371
    Services121981356726
    Transport1225127
    Public works578823354169116
    Banking54372401504944951,353
    Other1922868086551,0572,0381,974
    Total9341,0561,9211,8723,2694,2985,429
    Of which:
    Foreign exchange7589031,7461,7682,8803,3385,275
    Other176152175105389960154
    Source: Moroccan authorities.

    Including loans provided by foreign companies to their subsidiaries in Morocco.

    Table A17.Energy Production
    198719881989199019911992Prel.
    1993
    (In millions of kilowatt hours)
    Production
    Net electricity production6,724.07,000.07,592.08,025.08,073.09,123.09,390.0
    Hydro805.7915.01,134.01,196.01,246.0981.0450.0
    Thermal5,918.36,085.06,458.06,829.06,827.08,142.08,940.0
    (In thousands of tons)
    Crude oil extraction18.320.013.015.011.49.010.0
    (In millions of cubic meters)
    Natural gas extraction73.783.062.057.038.424.024.0
    (In thousands of tons)
    Crude oil refining14,133.04,632.05,004.05,274.05,301.05,700.06,008.0
    Coal extraction634.2636.7504.0526.0552.0575.0589.0
    Stocks2
    Refined petroleum 3190.0248.0326.0316.0391.0343.0272.0
    Coal284.0333.0360.0370.0426.0431.0350.0
    Source: Moroccan authorities.

    Excluding internal consumption and losses and the production of bitumen and lubricants.

    Stocks on December 31.

    Excluding the stocks of the distributing companies.

    Table A18.Energy Consumption
    198719881989199019911992Prel.
    1993
    (In thousands of tons)
    Petroleum products
    Gasoline, regular98979490898986
    Gasoline, premium245263276291297316312
    Kerosene49504748454548
    Gas-oil1,3601,4981,5481,7251,8152,0242,058
    Fuel oil11,7021,8202,0562,0121,9842,2382,362
    Liquefied gas
    Butane424459503543580639673
    Propane30384550546665
    (In millions of kilowatt hours)
    Electricity26,2836,6747,1337,6548,1029,6689,968
    (In thousands of tons)
    Coal
    Anthracite666579504527551575589
    Coke and charcoal31,0111,0681,3051,2261,3981,2151,152
    Source: Moroccan authorities.

    Includes consumption for electricity generation.

    Includes only sales by the Office national d’électricité.

    Includes only imported coke and charcoal.

    Table A19.Retail Prices of Petroleum Products
    Effective Date
    11/1/8111/10/8410/29/90
    (In Moroccan dirhams per liter)
    Regular gasoline4.255.836.70
    Premium gasoline4.456.056.96
    Kerosene2.103.113.58
    Diesel3.453.97
    (In Moroccan dirhams per ton)
    Fuel oil1,3201,8751,875
    Butane and propane2,4582,9582,958
    Source: Moroccan authorities.
    Table A20.Road Transport
    1986198719881989199019911992
    Road network (In kilometers; on January 1)59,19859,17159,17159,45259,45259,45259,452
    Of which: Paved27,74027,71728,23529,14129,14129,14129,141
    Vehicles in use1756,735793,802838,997891,908937,170987,8911,078,057
    Automobiles530,495558,659593,272634,453667,338703,933777,859
    Locally built307,108315,654324,518
    Foreign223,387243,005264,377
    Utility vehicles226,240235,143245,725257,455269,832283,958300,198
    Vehicle registrations128,89940,29247,71255,40747,67753,45490,978
    Automobiles20,67731,19937,02143,59935,22739,29674,732
    Locally built10,33710,60110,47711,190
    Foreign10,34020,59826,54432,409
    Utility vehicles8,2229,09310,69111,80812,45014,15816,246
    (Annual percent change)
    Memorandum items:
    Growth
    Road network2.90.5
    Vehicles in use11.14.95.76.35.15.49.1
    Vehicle registrations18.739.418.416.1–14.012.170.2
    (In percent of total)
    Proportion
    Paved roads46.946.847.749.049.049.049.0
    Foreign automobiles in use42.143.544.6
    Foreign automobiles registered50.066.071.774.3
    Source: Moroccan authorities.

    Excluding motorcycles.

    Table A21.Rail Transport
    198719881989199019911992Prel.
    1993
    (In units indicated)
    Rail network (kilometers)1,8931,8931,8931,8931,8931,9071,907
    Of which: Electrified9749749749749749881,003
    Rolling stock (numbers)10,28310,40710,57610,73310,66510,73310,535
    Locomotives244244244256266257256
    Passenger cars567615624579642644566
    Freight cars9,4729,5489,7089,8989,7579,8329,713
    ONCF staff (numbers)13,24913,46013,75413,71614,00214,15714,349
    Passenger traffic
    Number (thousands)12,15411,55611,78211,99712,04211,3699,465
    Passenger kilometers (millions)2,0692,0922,1682,2372,3452,2321,903
    Freight traffic
    Metric tons (thousands)28,74833,08824,21329,04925,96928,31025,424
    Of which: Phosphates20,22723,57816,54819,84717,07818,65516,981
    Ton kilometers (millions)4,7255,7064,5195,1074,5235,0014,407
    (Annual percent change)
    Memorandum items:
    Rail network (kilometers)6.40.7
    Proportion electrified (percent)51.551.551.551.551.551.852.6
    Rolling stock–3.71.21.61.5–0.60.6–1.8
    Locomotives4.93.9–3.4–0.4
    Passenger cars17.98.51.5–7.210.90.3–12.1
    Freight cars–4.80.81.72.0–1.40.8–1.2
    ONCF staff2.71.62.2–0.32.11.11.4
    Passenger traffic
    Number (thousands)4.7–4.92.01.80.4–5.6–16.7
    Passenger kilometers (millions)5.71.13.63.24.8–4.8–14.7
    Freight traffic
    Metric tons (thousands)0.715.1–26.820.0–10.69.0–10.2
    Of which: Phosphates–0.916.6–29.819.9–14.09.2–9.0
    Proportion of phosphates (percent)70.471.368.368.365.865.966.8
    Ton kilometers (millions)2.720.8–20.813.0–11.410.6–11.9
    Source: Office national des chemins de fer (ONCF).
    Table A22.Air Transport
    1986198719881989199019911992
    Passengers (thousands)13,7283,9434,0604,2164,3083,3144,323
    Arrivals1,6261,7061,7731,8491,9261,4581,917
    Departures1,6831,8061,8841,9562,0131,5362,027
    Transit419431403411369320379
    Freight (metric tons)37,02743,49845,91744,24447,34347,26247,178
    Mail (metric tons)1,5921,7191,9482,2272,6112,4012,505
    Activity of Royal Air Maroc
    Passenger traffic
    Number (thousands)1,4151,5841,6571,7412,0331,6872,113
    Passenger kilometers (millions)3,1913,6233,7583,9814,4063,4364,641
    Freight traffic
    Metric tons219,37322,57122,22522,00425,45126,97028,136
    Ton kilometers (millions)316355370384412308374
    (Annual percent change)
    Memorandum items:
    Passengers1–0.75.83.03.82.2–23.130.4
    Freight9.517.55.6–3.67.0–0.2–0.2
    Mail–1.08.013.314.317.2–8.04.3
    Activity of Royal Air Maroc
    Passenger traffic
    Number1.611.94.65.116.8–17.025.3
    Passenger kilometers2.413.53.75.910.7–22.035.1
    Freight traffic
    Metric tons27.816.5–1.5–1.015.76.04.3
    Ton kilometers3.612.54.13.87.3–25.221.4
    Sources: Moroccan authorities; and Royal Air Maroc.

    Commercial traffic only.

    Including baggage and mail.

    Table A23.Maritime Transport
    198719881989199019911992Prel.
    1993
    (In thousands of metric tons)
    Port traffic
    Loadings
    Merchandise20,20023,41019,47720,19618,41318,45218,420
    Of which:
    Casablanca11,90510,7889,0469,7648,2638,1527,257
    Phosphates12,24214,25512,46111,6138,8759,1298,476
    Of which:
    Casablanca10,7569,2677,6158,3756,7906,7916,053
    Unloadings
    Merchandise15,15016,37515,00917,61518,01421,84022,099
    Of which:
    Casablanca5,4455,9355,9626,2346,6457,7437,528
    Mohammedia4,0094,0044,4174,8574,6876,1476,716
    Petroleum traffic6,4226,8897,5618,0267,7607,8908,119
    Of which:
    Casablanca1,1601,3461,3781,3621,195623154
    Mohammedia4,6494,7915,3155,8845,6125,8316,352
    (Annual percent change)
    Memorandum items:
    Loadings
    Merchandise0.615.9–16.83.7–8.80.2–0.2
    Of which:
    (in percent of total)
    Casablanca58.946.146.448.344.944.239.4
    Phosphates–5.616.4–12.6–6.8–23.62.9–7.2
    Of which:
    (in percent of total)
    Casablanca87.965.061.172.176.574.471.4
    Unloadings
    Merchandise17.98.1–8.317.42.321.21.2
    Of which:
    (in percent of total)
    Casablanca35.936.239.735.436.935.534.1
    Mohammedia26.524.529.427.626.028.130.4
    Petroleum traffic21.07.39.86.1–3.31.72.9
    Of which:
    (in percent of total)
    Casablanca18.119.518.217.015.47.91.9
    Mohammedia72.469.570.373.372.373.978.2
    Source: Moroccan authorities
    Table A24.Tourist Arrivals by Nationality(In thousands of persons)
    198719881989199019911992Prel.
    1993
    Moroccans living abroad6828639531,0469721,1381,082
    Total foreign nationals1,6602,0562,6133,0923,2393,2522,946
    Of which: Cruise passengers94789711449115122
    Europeans1,4371,4031,3401,2678911,2911,413
    France445485467452291429489
    Spain367330293211193277268
    United Kingdom1461099489589597
    Germany172168160161108185222
    Italy6066748068113120
    Netherlands23272829222934
    Belgium27303029203241
    Sweden13131315101313
    Switzerland28323330233231
    Denmark151813146109
    Portugal15151516121820
    Austria1313171691823
    Poland12
    Norway5666467
    Finland1815172814138
    Greece3545457
    Former Yugoslavia2223111
    Other83707484481421
    Arab countries544751,0491,6062,2111,7831,355
    Algeria73759061,4532,0491,6601,238
    Tunisia10606262624945
    Saudi Arabia25242521182526
    Egypt3365345
    Iraq1133111
    Kuwait3332223
    Mauritania3456777
    Libya363842572216
    Other13121314
    Africa13151517151515
    Senegal6657664
    Other7910109911
    Other countries156163209203122163163
    United States59678584488991
    Canada17172222131720
    Japan10111212101214
    Former Soviet Union9656863
    Australia5666566
    Brazil4465442
    Other51537468342927
    Total2,3412,9193,5664,1384,2114,3904,028
    Source: Moroccan authorities.
    Table A25.Consumer Price Index1
    19891990199119921993
    (1989 = 100)
    Food100.0108.0118.2125.3133.2
    Clothing100.0105.0112.4121.2128.2
    Housing100.0103.3109.1115.0122.0
    Household goods100.0104.2110.2115.6119.3
    Medical services100.0104.1111.3116.4120.6
    Transport and communications100.0105.3114.0119.4124.0
    Entertainment and culture100.0104.5111.1118.2123.7
    Other goods and services100.0114.6121.4126.3131.2
    General index100.0107.0115.6122.2128.5
    (Annual percent change)
    Food8.09.46.06.3
    Clothing5.07.07.85.8
    Housing3.35.65.46.1
    Household goods4.25.84.93.2
    Medical services4.16.94.63.6
    Transport and communications5.38.34.73.9
    Entertainment and culture4.56.36.44.7
    Other goods and services14.65.94.03.9
    General index7.08.05.75.2
    Source: Moroccan authorities.

    New consumer price index, based on price movements of 385 articles in the cities of Agadir, Casablanca, Fez, Kenitra, Laayoun, Marrakech, Meknes, Oujda, Rabat, Tanger, and Tetouan.

    Table A26.Wholesale Price Index (WPI)1
    Weight198719881989199019911992Prel.
    1993
    (1977 = 100)
    Agricultural sector39.6236.4250.3255.2264.9289.0297.4311.5
    Cereals and dry pulses20.2222.8225.4231.5246.4262.5288.4313.3
    Industrial crops16.0237.9233.2234.4217.4248.1259.9276.2
    Vegetables11.8259.3272.1253.5317.0330.6340.2354.1
    Fruits and wine12.0279.4325.1316.7290.5324.8317.6351.2
    Animal products23.3180.9190.9198.6202.0232.4227.4236.2
    Forestry products7.8249.2273.0299.7335.9348.9359.6361.2
    Fishing8.9310.3342.9374.3390.6436.5430.4423.8
    Industrial sector60.4251.6260.0272.8286.6300.4308.7321.8
    Energy10.2326.8336.0346.1356.3378.0384.8410.2
    Food processing41.4227.7228.5243.5259.0273.0280.3290.3
    Clothing and textiles12.1208.2213.2216.6211.2207.9214.5245.3
    Metals17.2287.4312.7331.0353.7370.9381.8389.9
    Other light industry19.1258.6270.0280.5296.7313.2323.5330.1
    Total WPI100.0245.6256.1265.9278.0295.8304.2317.7
    (Annual percent change)
    Agricultural sector–2.25.82.03.89.12.94.7
    Cereals and dry pulses1.81.12.76.46.69.98.6
    Industrial crops–6.0–2.00.5–7.314.14.76.3
    Vegetables1.64.9–6.825.04.32.94.1
    Fruits and wine–17.216.3–2.6–8.311.8–2.210.6
    Animal products–1.25.54.11.715.0–2.23.9
    Forestry products5.59.69.812.13.93.10.5
    Fishing8.610.59.24.411.8–1.4–1.5
    Industrial sector3.13.34.95.04.82.84.3
    Energy2.72.83.03.06.11.86.6
    Food processing–1.20.36.66.35.42.73.6
    Clothing and textiles7.92.41.6–2.5–1.63.214.3
    Metals6.98.85.96.94.92.92.1
    Other light industry6.34.43.95.85.63.32.0
    Total WPI1.04.33.84.66.42.84.5
    Source: Moroccan authorities.

    Annual average; based on price movements of 231 items.

    Table A27.Price Index of Industrial Production, Energy, and Mining1
    Weight198719881989199019911992Prel.
    1993
    (July 1975–June 1976 = 100; period average)
    Mining products23.3168.7189.3222.3221.3220.9190.6188.4
    Of which:
    Nonmetallic minerals 293.3158.4178.8212.3209.5212.2183.2183.2
    Energy products8.1429.8432.9441.8448.0457.5461.6476.7
    Of which:
    Refined petroleum and derivatives42.6601.0592.4590.5590.5593.3593.3593.3
    Electricity and water53.6296.7309.7324.2333.0347.2350.8350.8
    Manufacturing industries68.6275.6291.1309.4324.7339.3350.3367.9
    Foodstuffs31.6230.5232.5253.4268.3281.0288.7
    Clothing and textiles9.2363.6396.6394.1391.6409.3407.3
    Metallurgical industries14.6312.0338.2359.1384.1409.1432.8
    Other light industries13.2281.2305.6329.1347.5352.7366.6
    General index100.0263.1278.8299.8310.6321.3322.1335.6
    (Annual percent change)
    Mining products–1.312.217.5–0.5–0.1–13.7–1.1
    Of which:
    Nonmetallic minerals2–2.312.918.7–1.31.3–13.7
    Energy products3.50.72.11.42.10.93.3
    Of which:
    Refined petroleum and derivatives0.7–1.4–0.30.5
    Electricity and water8.74.44.72.74.31.0
    Manufacturing industries3.65.76.35.04.53.25.0
    Foodstuffs2.30.99.05.94.72.8
    Clothing and textiles3.99.1–0.6–0.64.5–0.5
    Metallurgical industries3.68.46.26.96.55.8
    Other light industries5.48.77.75.61.53.9
    General index2.86.07.53.63.40.34.2
    Source: Moroccan authorities.

    Based on a sample of 171 articles.

    Essentially phosphates.

    Table A28.Evolution of Consumer Subsidies and Retail Prices
    Unit198719881989199019911992Prel.
    1993
    Sugar
    Quantities subsidizedThousands of tons650700725773786796820
    Cubes435448469466490506520
    Granulated215252256307296290300
    Cost per unit1Dirhams/kilogram
    Cubes4.504.954.785.535.515.705.89
    Granulated5.595.705.495.115.695.375.71
    Retail priceDirhams/kilogram
    Cubes4.504.504.504.954.954.954.95
    Granulated3.353.353.354.004.004.004.00
    Subsidy per unitDirhams/kilogram
    Cubes0.450.280.580.560.750.94
    Granulated2.242.352.141.111.691.371.71
    Subsidy/cost per unitPercent
    Cubes9.095.8610.5010.1613.1615.96
    Granulated40.0741.2338.9821.7029.7025.5129.95
    Amount of subsidies4827946786127737771,002
    Edible oils
    Quantities subsidizedThousands of liters209.00238.00240.00257.00251.55294.00297.00
    Cost per unit1Dirhams/liter7.617.638.799.1010.0310.6510.91
    Average selling priceDirhams/liter7.007.007.007.858.408.408.40
    Subsidy per unitDirhams/liter0.610.631.791.251.632.252.51
    Subsidy/cost per unitPercent8.028.2620.3613.7016.2521.1323.01
    Amount of subsidiesMillions of dirhams127149430320409662745
    Flour
    Quantities subsidizedThousands of tons1,8841,5301,0001,0001,0001,0001,000
    Low quality1,5471,3101,0001,0001,0001,0001,000
    High quality337220
    Cost per unit1Dirhams/ton
    Low quality1,6912,0781,7672,540
    High quality2,1041,277
    Retail price (soft wheat)Dirhams/ton
    Low quality1,4501,5331,6502,0002,0002,0002,000
    High quality3,0003,000
    Subsidy per unitDirhams/ton
    Low quality241545117540
    High quality2–896–1,723
    Subsidy/cost per unitPercent
    Low quality14.2526.236.6221.26
    High quality2–42.59–134.93
    Amount of subsidiesMillions of dirhams70334117538.4
    Total subsidiesMillions of dirhams6791,2771,2251,4701,1821,4381,747
    Other food subsidies
    Milk
    Butter
    Total food subsidiesMillions of dirhams6791,2771,2251,4701,1821,4381,747
    Other subsidiesMillions of dirhams
    Fertilizers311
    Oil products2–100–96–185
    Other net subsidies202425
    Total subsidiesMillions of dirhams6791,2771,2251,4011,1821,3661,587
    Source: Ministry of Finance, Direction des établissements publics et des participations.

    Sum of retail prices and subsidies per unit.

    Negative amount indicates a receipt by the Caisse de compensation.

    Since 1982, subsidies on fertilizers have been administered directly by OCP.

    Table A29.National Minimum Wages
    Dec. 1973–May 1975June 1975–Dec. 1976May 1989–April 1990May 1990–Dec. 1990Jan. 1991–April 1992May 1992–Dec. 1993
    SMIG1 (dirhams per hour)1.151.274.755.226.006.60
    SMAG2 (dirhams per day)6.006.6024.5827.0331.0834.18
    Source: Moroccan authorities.

    Nonagricultural sector.

    Agricultural sector.

    Table A30.Urban Population by Activity and Profession
    19881989199019911992
    MenWomenTotalMenWomenTotalMenWomenTotalMenWomenTotalMenWomenTotal
    (In thousands)
    Total population11,44811,95923,40711,72312,22823,95111,99512,49224,48712,26412,75625,02012,52913,01825,547
    Total urban population5,5045,62111,1255,6585,89111,5495,9186,06211,9806,1696,25412,4236,4626,44212,904
    In percent of total484748484848494949504950524951
    Unemployed1329148477403189592401200601459236695401249650
    Inactive2,8914,7317,6222,9194,8987,8173,0395,0458,0843,1195,2088,3273,3285,4328,760
    Employed22,2857433,0282,3378043,1412,4778173,2942,5918093,4002,7337613,494
    Total urban active population32,6148913,5052,7409933,7332,8781,0173,8953,0501,0454,0953,1341,0104,144
    Rate of activity (percent)471632481732491733491733481632
    Rate of unemployment (percent)131714151916142015152317132516
    Rate of unemployment by age (percent)
    15–24 years282628322931313231313533283630
    25–59 years101610121914
    60 years and over344596384343242
    Urban population by profession
    Total active population2,6148913,5052,7409933,7332,8781,0173,8953,0501,0454,0953,1341,0104,144
    Scientific and liberal professions22193314249110359255124379255123378
    Commercial personnel46834502524385625333757057339612
    Managers and administrative personnel238107345252125377287147434303152455
    Skilled service workers283169452304172476326173499324167491
    Agricultural workers10928137110291391172414111424138
    Nonagricultural workers1,1764011,5771,2884651,7531,3414421,7831,3844081,792
    Other11959178152772291919828918297279
    (In percent of total)
    Scientific and liberal professions8109911981298129
    Commercial personnel18414184141741418415
    Managers and administrative personnel912109121091411101511
    Skilled service workers111913111712111712101712
    Agricultural workers434434423423
    Nonagricultural workers454545454645444244444043
    Other5755866976107
    Source: Moroccan authorities.

    Persons over 15 years old seeking work.

    Persons over 7 years old in employment.

    Employed and unemployed.

    Table A31.Increases in Public Utility Tariffs(In percent a year)
    198819891990199119921993
    Electricity5.03.05.06.0
    Water112.016.07.011.125.2
    Railroad transport
    Freight5.05.0
    Passengers5.05.0
    Phosphates6.06.5–0.86.5
    Source: Ministry of Finance.

    In 1991 and 1992, refers to industrial consumption in Casablanca.

    Table A32.Financial Transactions of the Central Government(In millions of Moroccan dirhams)
    197019711972197319741975197619771978197919801981
    Total revenue3,4393,5713,6044,3167,3918,4908,69411,66911,69314,82016,36517,838
    Tax revenue2,9523,1253,2333,7474,9357,1056,9099,82510,65912,26513,88815,321
    Tax on income and profit6526777218221,1072,5561,6452,5602,9473,3283,3393,766
    Tax on business profit4204294314756412,0429711,6621,7922,0561,7191,801
    Tax on wages and salaries1551731952192953795026938429151,0881,306
    Other777595128171135172205313357532659
    Agricultural tax475550426842555268864855
    Urban tax202021252924243120362231
    Tax on dividends2329384967131996665
    Complementary income tax142933172936575284103
    Penalties101091214151925344549
    Capital gains tax12506354
    National solidarity participation204302
    Tax on property transfers799196115132147205287262273280272
    Tax on goods and services1,5131,6711,7281,9102,2842,6643,1534,1494,4194,9575,8066,040
    Value–added tax7628849251,0251,3481,6112,0402,7182,8293,1803,6654,040
    On domestic goods and services3183704064254435638041,1251,4101,5501,9272,003
    On imported goods and services4445145196009051,0481,2361,5931,4191,6301,7382,037
    Selective excise duties6576927047637899059761,1881,3191,4791,8221,744
    Petroleum products325335361396378415464465548541532496
    Tobacco products185194211197235291308472529602847848
    Sugar90857691919697119109116122115
    Other products5778567985103107132133220321285
    Other taxes949599122147148137243271298319256
    Petroleum levy
    Business license tax76757799122121108141164195194167
    Motor vehicle tax1820222325272910210710312589
    Tax on international trade and transactions5955695627411,2191,5161,6482,3972,5682,8974,1214,892
    Import duties and taxes5415115056689891,3231,5132,2712,4452,7703,9074,635
    Customs duties5375065024796688891,0281,3611,2101,1631,2301,506
    Special tax on imports1863194334849081,2331,6052,0852,445
    Stamp duties591684
    Other45332112221
    Export duties and taxes54585773230193135126123127214257
    Statistical tax111212141715201918253441
    Minerals3635374720317210610510296177212
    Other products711812106923634
    Other taxes113117126159193222258432463810342351
    Stamp tax and registration113117126159193222258432463810342351
    Fiscal amnesty
    Other
    Nontax revenue3473633184852,2781,3851,4139591,0341,5371,3052,517
    Dividends from public enterprises130149921791,9891,0809455826295946651,560
    Property income6267677883961035456505756
    Other155147159228206209365323349893583901
    Extrabudgetary revenue1408353841783728851,0181,172
    Table A32 (continued)
    197019711972197319741975197619771978197919801981
    Expenditure4,0584,2294,5394,8328,70611,95216,11219,55117,78821,08923,87528,936
    Current expenditure2,9133,1063,3503,6246,4707,3457,9919,24510,42012,07315,31018,898
    Goods and services2,5442,7532,9433,1404,0934,9556,1237,1878,2759,33911,26213,045
    Wages1,7071,8432,0502,1592,8153,2794,1405,1105,5826,6517,9129,330
    Other8379108939811,2781,6761,9832,0772,6932,6883,3503,715
    Interest payments2142222652782853444937471,0471,3601,7592,924
    Domestic10696112126132185211305375394547694
    Foreign1081261531521531592824426729661,2122,230
    Subsidies and current tranfers1551311422062,0922,0461,3751,3111,0981,3742,2892,929
    Consumer subsidies1,5741,6559406993896111,4272,102
    Current transfers155131142206518391435612709763862827
    Of which: Transfers to public entities371403422500587
    Capital expenditure1,1451,1231,1891,2082,2364,4548,12110,3066,6299,0168,5659,612
    Of which: Transfers to public entities1,4518011,5771,3391,831
    Extrabudgetary expenditure153739426
    Overall balance (payment-order basis)–619–658–935–516–1,315–3,462–7,418–7,882–6,095–6,269–7,510–11,098
    Change in arrears264–131
    Domestic
    External
    Overall balance (cash basis)–619–658–935–516–1,315–3,462–7,418–7,882–6,095–6,269–7,246–11,229
    Financing6196589355161,3153,4627,4187,8826,0956,2697,24611,229
    Domestic financing3423376155091,1362,1122,9442,6882,7302,2533,3354,018
    Banks1228304014338181,4671,0391,8192,4561,3192,7313,842
    Other114307214763186451,905869274934604176
    Foreign financing and grants27732132071791,3504,4745,1943,3654,0163,9117,211
    Net foreign borrowing27732132071798892,5993,5572,2862,3763,5315,588
    Disbursements5,5748,451
    Amortization–2,043–2,863
    External arrears on amortization
    Rescheduling
    Foreign grants4611,8751,6371,0791,6403801,623
    Memorandum items:
    Current balance5264652546929219927032,4245342,7471,055–1,486
    Primary balance–405–436–670–238–1,030–3,118–6,925–7,135–5,048–4,909–5,751–8,174
    Overall deficit (payment-order basis) after grants–619–658–935–516–1,315–3,001–5,543–6,245–5,016–4,629–7,130–9,475
    Table A32 (continued)
    19821983198419851986198719881989199019911992Prel.
    1993
    Total revenue20,48021,09023,46926,74729,15032,74741,05043,82350,97655,55063,65967,076
    Tax revenue18,14119,09321,17323,69527,83530,70037,57740,45846,46250,46757,95257,921
    Tax on income and profit3,8324,3424,9865,9336,2347,0878,6839,74511,24113,29615,90414,355
    Tax on business profit1,5611,7852,1452,4842,5252,8263,7204,0195,4386,0587,3425,908
    Tax on wages and salaries1,5641,8472,0262,4172,6942,9753,3973,9564,2685,4736,6976,954
    Other7077108151,0321,0151,2861,5661,7701,5351,7651,8651,493
    Agricultural tax1852331111
    Urban tax364429393265667938513936
    Tax on dividends43374462526277851034802313
    Complementary income tax10464134136134211374401436129149172
    Penalties666675108959111717662116171193
    Capital gains tax8393691031061119175124262682431
    National solidarity participation357401462581593679840953771727801648
    Tax on property transfers3033463924725226327077068189009561,005
    Tax on goods and services7,8138,6939,56110,84714,71016,53019,92320,46920,92623,36826,74727,925
    Value–added tax5,4396,0056,5577,7417,8428,2009,53610,56011,97213,41914,87314,609
    On domestic goods and services2,6203,1292,9333,6463,6793,8014,2894,5514,9475,5666,5406,904
    On imported goods and services2,8192,8763,6244,0954,1634,3995,2476,0097,0257,8538,3337,705
    Selective excise duties1,9372,2862,5042,5812,6433,1633,5393,8644,4414,7305,5917,718
    Petroleum products500499504508516533572590624676737855
    Tobacco products9581,2661,4771,5261,6202,0402,3622,5652,9873,1543,8354,291
    Sugar113127120124130125140143141158153160
    Other products3663944034233774654655666897428662,412
    Other taxes4374025005254,2255,1676,8486,0454,5135,2196,2835,598
    Petroleum levy3,7714,4065,8865,1453,6404,7555,6175,054
    Business license tax288258272386315534741630568146299160
    Motor vehicle tax149144228139139111221270305318367384
    Tax on international trade and transactions5,7925,2625,6275,7715,6005,6397,3458,51210,03811,48512,29612,566
    Import duties and taxes5,5465,0395,3315,4385,3765,4567,1768,3359,87511,36512,26812,557
    Customs duties1,7031,5981,8852,2452,3733,0593,5293,9584,7445,6936,0736,312
    Special tax on imports2,9942,6312,5332,2212,0331,4023,5974,3615,1195,6526,1856,235
    Stamp duties849810913972970995501612151010
    Other
    Export duties and taxes246223296333224183169177163120289
    Statistical tax48596580
    Minerals195159225246216178162177163120182
    Other products3567857107
    Other taxes4014506076727698129191,0263,4391,4182,0492,070
    Stamp tax and registration4014506076727698129191,0261,3281,3521,3071,163
    Fiscal amnesty2,089662013
    Other22722894
    Nontax revenue2,3391,9972,2963,0521,3152,0473,4733,3654,5145,0835,7079,155
    Dividends from public enterprises1,5551,3201,7102,1823199341,5571,3462,1752,8582,8113,914
    Property income555762837697118103155113157196
    Other7296205247879201,0161,7981,9162,1842,1122,7395,045
    Extrabudgetary revenue
    Table A32 (concluded)
    19821983198419851986198719881989199019911992Prel.
    1993
    Expenditure32,00233,07536,04439,20437,44042,01749,44755,41258,50263,06569,00974,110
    Current expenditure21,28023,51726,96029,89931,81832,35237,76541,09043,01048,05851,81554,604
    Goods and services13,70314,91815,30816,35718,82720,06622,52925,16927,84132,54935,33336,575
    Wages10,42011,42012,07412,64814,19715,39217,20819,68321,69924,90225,70026,770
    Other3,2833,4983,2343,7094,6304,6745,3215,4866,1427,6479,6339,805
    Interest payments3,3494,8186,8348,0669,1329,41611,30712,04213,20013,30813,52714,722
    Domestic7659971,3321,9272,7383,0704,3534,6725,3845,4435,9886,270
    Foreign2,5843,8215,5026,1396,3946,3466,9547,3707,8167,8657,5398,452
    Subsidies and current transfers4,2283,7814,8185,4763,8592,8703,9293,8791,9692,2012,9553,307
    Consumer subsidies2,3232,0323,0333,3491,5336321,2771,6961,0211,1921,5801,949
    Current transfers1,9051,7491,7852,1272,3262,2382,6522,1839481,0091,3751,358
    Of which: Transfers to public entities5906046047477847147338179481,0091,2061,358
    Capital expenditure10,7229,5589,0849,3055,6229,66511,68214,32215,49215,00717,19419,506
    Of which: Transfers to public entities2,3362,0241,9822,2991,8701,5411,7472,0281,7881,8001,8833,013
    Extrabudgetary expenditure
    Overall balance (payment-order basis)–11,522–11,985–12,575–12,457–8,290–9,270–8,397–11,589–7,526–7,515–5,350–7,034
    Change in arrears2,9615723,5141,353–544–668–2,0852,200–2,304–3–395–1,751
    Domestic–739341–1,751
    External736–736
    Overall balance (cash basis)–8,561–11,413–9,061–11,104–8,834–9,938–10,482–9,389–9,830–7,518–5,745–8,785
    Financing8,56111,4139,06111,1048,8349,93810,4829,3899,8307,518–5,7458,785
    Domestic financing2,0586,0342,1386,2207,6407,7475,8346,0402922,6304,7318,436
    Banks12,0216,3442,1664,4904,6352,2252,4414,035–3,284–1872,9242,343
    Other37–310–281,7303,0055,5223,3932,0053,5762,8171,8076,093
    Foreign financing and grants6,5035,3796,9234,8841,1942,1914,6483,3499,5384,8881,014349
    Net foreign borrowing5,759–221–1,905–4,831–11,599–7,705–4,053–3,973–6,672–4,463–3,174–1,799
    Disbursements9,8613,5746,3635,0715,0265,2435,9626,6805,0855,1746,2547,701
    Amortization–4,102–3,795–8,268–9,902–16,625–12,948–10,015–10,653–11,757–9,637–9,428–9,500
    External arrears on amortization2,810–2,810
    Rescheduling4,5908,6897,20712,6539,8967,6127,3229,9451,5486,998
    Foreign grants7441,0101392,5081401,0896,2654,9932,148
    Memorandum items:
    Current balance–800–2,427–3,491–3,152–2,6683953,2852,7337,9667,49211,84412,472
    Primary balance–8,173–7,167–5,741–4,3918421462,9104535,6745,7938,1777,688
    Overall deficit (payment-order basis) after grants–10,778–10,975–12,436–9,949–8,150–9,270–7,308–11,589–1,261–2,522–5,350–4,886
    Sources: Ministry of Finance; and IMF staff estimates.

    Differs from the monetary data owing to differences in coverage.

    Table A33.Central Government Revenue
    198719881989199019911992Prel.
    1993
    (In millions of Moroccan dirhams)
    Total revenue32,74741,05243,82350,97655,55063,65967,076
    Tax revenue (excluding OCP)30,55737,40940,28346,29350,34257,95257,921
    Income taxes7,0878,6839,74511,24113,29615,90414,355
    Taxes on goods and services12,12414,03815,32417,28618,61621,13022,871
    Petroleum levy4,4065,8865,1453,6404,7445,6175,054
    Taxes on imports5,4567,1768,3359,87511,36112,26812,557
    Taxes on exports4021610289
    Other taxes1,4441,6261,7324,2352,3153,0053,075
    Nontax revenue (excluding OCP)1,5882,7333,3653,9364,4985,1978,654
    Revenue from OCP602910175747710510501
    (In percent of GDP)
    Total revenue20.922.522.623.823.026.326.4
    Tax revenue (excluding OCP)19.520.520.821.620.823.922.8
    Income taxes4.54.85.05.35.56.65.7
    Taxes on goods and services7.77.77.98.17.78.79.0
    Petroleum levy2.83.22.71.72.02.32.0
    Taxes on imports3.53.94.34.64.75.14.9
    Taxes on exports
    Other taxes0.90.90.92.01.01.21.2
    Nontax revenue (excluding OCP)1.01.51.71.81.92.13.4
    Revenue from OCP0.40.50.10.30.30.20.2
    (Annual percent change)
    Total revenue12.325.46.716.39.014.65.4
    Tax revenue (excluding OCP)10.522.47.714.98.715.1–0.1
    Income taxes13.722.512.215.418.319.6–9.7
    Taxes on goods and services10.815.89.212.87.713.58.2
    Petroleum levy16.833.6–12.6–29.330.318.4–10.0
    Taxes on imports1.531.516.218.515.08.02.4
    Taxes on exports–20.0–100.0700.0–37.5180.0–67.9
    Other taxes11.912.66.5144.5–45.329.82.3
    Nontax revenue (excluding OCP)20.872.123.117.014.315.566.5
    Revenue from OCP246.051.2–80.8326.9–5.0–28.2–1.8
    (In percent of total revenue)
    Total revenue100.0100.0100.0100.0100.0100.0100.0
    Tax revenue (excluding OCP)93.391.191.990.890.691.086.4
    Income taxes21.621.222.222.123.925.021.4
    Taxes on goods and services37.034.235.033.933.533.234.1
    Petroleum levy13.514.311.77.18.58.87.5
    Taxes on imports16.717.519.019.420.519.318.7
    Taxes on exports0.1
    Other taxes4.44.04.08.34.24.74.6
    Nontax revenue (excluding OCP)4.86.77.77.78.18.212.9
    Revenue from OCP1.82.20.41.51.30.80.7
    (In percent of imports, c.i.f.)
    Import duties and taxes17.020.019.719.119.019.520.4
    Source: Ministry of Finance.
    Table A34.Economic Classification of Central Government Expenditure
    198719881989199019911992Prel.
    1993
    (In million of Moroccan dirhams)
    Total expenditure42,01749,44755,41258,50263,06569,00974,110
    Current expenditure32,35237,76541,09043,01048,05851,81554,604
    Expenditure on goods and services20,06622,52925,16927,84132,54935,33336,575
    Wages and salaries15,39217,20819,68321,69924,90225,73426,770
    Materials and supplies4,4475,0645,2296,1097,1118,0499,111
    Other227257257335361,550694
    Interest9,41611,30712,04213,20013,30813,52714,722
    Domestic3,0704,3534,6725,3845,4435,9886,270
    External6,3466,9547,3707,8167,8657,5398,452
    Subsidies and current transfers2,8703,9293,8791,9692,2012,9553,307
    Consumer subsidies6321,2771,6961,0211,1921,5801,949
    Other, of which:2,2382,6522,1839481,0091,3751,358
    Local authorities675700100
    Public enterprises7147338179481,0091,2061,358
    Capital expenditure, of which:9,66511,68214,32215,49215,00717,19419,506
    Transfers to public enterprises1,5411,7472,0281,7881,8001,8833,013
    (In percent of GDP)
    Total expenditure26.827.128.627.326.128.529.2
    Current expenditure20.620.721.220.119.921.421.5
    Expenditure on goods and services12.812.413.013.013.514.614.4
    Wages and salaries9.89.410.110.110.310.610.5
    Materials and supplies2.82.82.72.92.93.33.6
    Other0.10.10.10.20.60.3
    Interest6.06.26.26.25.55.65.8
    Domestic2.02.42.42.52.32.52.5
    External4.03.83.83.73.33.13.3
    Subsidies and current transfers1.82.22.00.90.91.21.3
    Consumer subsidies0.40.70.90.50.50.70.8
    Other, of which:1.41.51.10.40.40.60.5
    Local authorities0.40.40.1
    Public enterprises0.50.40.40.40.40.50.5
    Capital expenditure, of which:6.26.47.47.26.27.17.7
    Transfers to public enterprises1.01.01.00.80.70.81.2
    (Annual percent change)
    Total expenditure12.217.712.15.67.89.47.4
    Current expenditure1.716.78.84.711.77.85.4
    Expenditure on goods and services6.612.311.710.616.98.63.5
    Wages and salaries8.411.814.410.214.73.44.0
    Materials and supplies0.313.93.316.816.413.213.2
    Other15.813.2–87.21,545.5185.5–55.2
    Interest3.120.16.59.60.81.68.8
    Domestic12.141.87.315.21.110.04.7
    External–0.89.66.06.10.6–4.112.1
    Subsidies and current transfers–25.636.9–1.3–49.211.834.311.9
    Consumer subsidies–58.8102.132.8–39.816.732.623.4
    Other, of which:–3.818.5–17.7–56.66.436.3–1.2
    Local authorities0.13.7–85.7–100.0
    Public enterprises–8.92.711.516.06.419.512.6
    Capital expenditure, of which:71.920.922.68.2–3.114.613.4
    Transfers to public enterprises–17.613.416.1–11.80.74.660.0
    (In percent of total expenditure)
    Total expenditure100.0100.0100.0100.0100.0100.0100.0
    Current expenditure77.076.474.273.576.275.173.7
    Expenditure on goods and services47.845.645.447.651.651.249.4
    Wages and salaries36.634.835.537.139.537.336.1
    Materials and supplies10.610.29.410.411.311.712.3
    Other0.50.50.50.10.92.20.9
    Interest22.422.921.722.621.119.619.9
    Domestic7.38.88.49.28.68.78.5
    External15.114.113.313.412.510.911.4
    Subsidies and current transfers6.87.97.03.43.54.34.5
    Consumer subsidies1.52.63.11.71.92.32.6
    Other, of which:5.35.43.91.61.62.01.8
    Local authorities1.61.40.2
    Public enterprises1.71.51.51.61.61.71.8
    Capital expenditure, of which:23.023.625.826.523.824.926.3
    Transfers to public enterprises3.73.53.73.12.92.74.1
    Sources: Ministry of Finance; and IMF staff estimates.
    Table A35.Functional Classification of Central Government Current Expenditure
    1986198719881989199019911992
    (In millions of Moroccan dirhams)
    Total31,81832,35237,76541,09043,01048,05851,815
    General public services1,6291,8152,0912,4632,6003,0563,192
    Defense5,4555,8586,3726,9407,2958,8148,880
    Public order3,0553,5903,8543,4503,7544,2684,962
    Education6,4386,7277,9079,09210,04811,04912,018
    Health1,1461,2581,3071,4511,5991,9032,043
    Social security and welfare121129127147156171228
    Housing39404450576871
    Recreation, cultural affairs, etc.265295346412433519526
    Agriculture8178068538901,0591,1751,180
    Mines and energy65738193101108122
    Transport and communications417412499590582681706
    Other economic services159152170203203294371
    Common expenditure2,4011,4812,4802,8111,7102,1142,955
    Other9,8119,71611,63412,49813,41313,83914,561
    (Annual percent change)
    Total6.41.716.78.84.711.77.8
    General public services8.411.415.217.85.617.54.5
    Defense26.67.48.88.95.120.80.7
    Public order10.317.57.4–10.58.813.716.3
    Education8.94.517.515.010.510.08.8
    Health10.89.83.911.010.219.07.4
    Social security and welfare65.86.6–1.615.76.19.633.3
    Housing–35.02.610.013.614.019.34.4
    Recreation, cultural affairs, etc.19.411.317.319.15.119.91.3
    Agriculture1.9–1.35.84.318.911.00.5
    Mines and energy27.512.311.014.88.66.913.0
    Transport and communications13.9–1.221.118.2–1.417.03.7
    Other economic services14.4–4.411.819.40.244.426.3
    Common expenditure–30.6–38.367.513.3–39.223.639.8
    Other6.7–1.019.77.47.33.25.2
    (In percent of total)
    Total100.0100.0100.0100.0100.0100.0100.0
    General public services5.15.65.56.06.06.46.2
    Defense17.118.116.916.917.018.317.1
    Public order9.611.110.28.48.78.99.6
    Education20.220.820.922.123.423.023.2
    Health3.63.93.53.53.74.03.9
    Social security and welfare0.40.40.30.40.40.40.4
    Housing0.10.10.10.10.10.10.1
    Recreation, cultural affairs, etc.0.80.90.91.01.01.11.0
    Agriculture2.62.52.32.22.52.42.3
    Mines and energy0.20.20.20.20.20.20.2
    Transport and communications1.31.31.31.41.41.41.4
    Other economic services0.50.50.50.50.50.60.7
    Common expenditure7.54.66.66.84.04.45.7
    Other30.830.030.830.431.228.828.1
    (In percent of GDP)
    Total20.620.620.721.220.119.921.4
    General public services1.11.21.11.31.21.31.3
    Defense3.53.73.53.63.43.63.7
    Public order2.02.32.11.81.81.82.0
    Education4.24.34.34.74.74.65.0
    Health0.70.80.70.70.70.80.8
    Social security and welfare0.10.10.10.10.10.10.1
    Housing
    Recreation, cultural affairs, etc.0.20.20.20.20.20.20.2
    Agriculture0.50.50.50.50.50.50.5
    Mines and energy0.1
    Transport and communications0.30.30.30.30.30.30.3
    Other economic services0.10.10.10.10.10.10.2
    Common expenditure1.60.91.41.40.80.91.2
    Other6.36.26.46.46.35.76.0
    Sources: Ministry of Finance; and IMF staff estimates.
    Table A36.Functional Classification of Central Government Investment Expenditure
    198719881989199019911992
    (In millions of Moroccan dirhams)
    Total9,66511,68214,32215,49215,00717,194
    General public services2,0202,1272,4462,9052,3982,752
    Defense9451,2241,4671,5321,4821,609
    Public order5295576746919121,038
    Education7949991,0439169121,038
    Health125169189221124120
    Housing1078480130316325
    Recreation, cultural affairs, etc.131623453548
    Agriculture1,1811,0971,6301,4451,5801,707
    Mines and energy473368437413331363
    Transport and communications1,9082,2542,8673,2653,2173,039
    Other economic services233355455526375607
    Local authorities1,3372,4323,0113,4033,8245,087
    (Annual percent change)
    Total71.920.922.68.2–3.114.6
    General public services–148.65.315.018.8–17.514.8
    Defense–19.729.519.94.4–3.38.6
    Public order–3.55.321.02.5–40.220.8
    Education–30.225.84.4–12.2–0.413.8
    Health8.735.211.816.9–43.9–3.2
    Housing–52.9–21.5–4.862.5143.12.8
    Recreation, cultural affairs, etc.30.023.143.895.7–22.237.1
    Agriculture–11.2–7.148.6–11.39.38.0
    Mines and energy–16.0–22.218.8–5.5–19.99.7
    Transport and communications–40.218.127.213.9–1.5–5.5
    Other economic services–54.252.428.215.6–28.761.9
    Local authorities37.781.923.813.012.433.0
    (In percent of total)
    Total100.0100.0100.0100.0100.0100.0
    General public services20.918.217.118.816.016.0
    Defense9.810.510.29.99.99.4
    Public order5.54.84.74.52.82.9
    Education8.28.67.35.96.16.0
    Health1.31.41.31.40.80.7
    Housing1.10.70.60.82.11.9
    Recreation, cultural affairs, etc.0.10.10.20.30.20.3
    Agriculture12.29.411.49.310.59.9
    Mines and energy4.93.23.12.72.22.1
    Transport and communications19.719.320.021.121.417.7
    Other economic services2.43.03.23.42.53.5
    Local authorities13.820.821.022.025.529.6
    (In percent of GDP)
    Total6.26.47.47.26.27.1
    General public services1.31.21.31.40.11.1
    Defense0.60.70.80.70.60.7
    Public order0.30.30.30.30.20.2
    Education0.50.50.50.40.40.4
    Health0.10.10.10.10.10.1
    Housing0.10.10.10.1
    Recreation, cultural affairs, etc.
    Agriculture0.80.60.80.70.70.7
    Mines and energy0.30.20.20.20.10.1
    Transport and communications1.21.21.51.51.31.3
    Other economic services0.10.20.20.20.20.3
    Local authorities0.91.31.61.61.62.1
    Sources: Ministry of Finance; and IMF staff estimates.
    Table A37.Administrative Classification of Central Government Current Expenditure(In millions of Moroccan dirhams)
    1986198719881989199019911992
    Total31,81832,35237,76541,09043,01048,05851,815
    Sovereign6207669511,0641,1121,2561,353
    Parliament818394160149153128
    Prime Minister545858694712575
    Plan and Regional Development516365778394102
    Cultural Affairs425258717595102
    Foreign Affairs411401457514525605694
    Interior2,6653,1743,4232,9283,1693,6494,238
    Justice390416431522585619724
    Equipment286255342395409477502
    Finance381411432542578756779
    Agriculture and Agrarian Reform8178068538901,0101,1221,180
    Information4952738395112127
    Islamic Affairs44465358596627
    Labor and Professional Training34354050545665
    Administrative Affairs19192020283033
    Parliamentary Relations234461189
    Education6,4386,7277,9079,09210,04811,04912,018
    Youth and Sports130145162200204246270
    Housing and Physical Planning39404450576871
    Social Affairs and Crafts108116113130137149205
    Transport127153152189167197197
    Commerce and Industry82839410880143131
    Health1,1461,2581,3071,4511,5991,9032,043
    Energy and Mining65738193101108122
    Tourism43343645505560
    General Secretariat of the Government10111013171919
    Defense5,4555,8586,3726,9407,2958,8148,880
    Veterans’ Affairs13131417192223
    Post Office4456677
    Fishing and sea transportation4953
    Economic affairs and privatization56
    Development of Sahara Provinces1417
    Foreign trade25
    Moroccan residents abroad1490
    Overseas investment4
    Common expenditure2,4011,4812,4802,8111,7102,1142,955
    Other9,8119,71611,63412,49813,41313,83914,561
    Sources: Ministry of Finance; and IMF staff estimates.
    Table A38.Administrative Classification of Central Government Investment Expenditure(In millions of Moroccan dirhams)
    198719881989199019911992
    Total9,66511,68214,32215,49215,00717,194
    Sovereign113112126130130130
    Prime Minister1111841124815227
    Plan and Regional Development324357707787
    Administrative Affairs226435
    Crafts101523212223
    Cultural Affairs7911
    Justice39477381110119
    Foreign Affairs252150334170
    Defense9451,2241,4671,5321,4821,609
    Interior490510601610303380
    Finance1,7371,7672,0752,6201,9952,433
    Commerce and Industry313235983130
    Energy and Mining473368437413331363
    Agriculture1,1811,0971,6301,4451,5801,707
    Public Works1,6061,9242,1912,7082,6562,714
    Transport302330676557561325
    Education7949991,0439169121,038
    Youth and Sports121521352233
    Labor and Social Affairs123467
    Health125169189221124120
    Urban Development and Housing1078480130316325
    Tourism6059641767241
    Islamic Affairs112344
    Annexed Budgets98155292242220233
    Rural Development Fund (FSDR)298433391156
    Development of Saharan Provinces981
    Local Authorities’ Investment1,3372,4323,0113,4033,8245,087
    Veterans’ Affairs463355
    Economic affairs and privatization22447
    External trade44
    Moroccan residents abroad41
    Sources: Ministry of Finance; and IMF staff estimates.
    Table A39.Central Government Employment and Wage Indicators
    198719881989199019911992Prel.
    1993
    Employment (number)618,209637,715648,106661,905674,516690,058708,795
    Annual change in percent2.33.21.62.11.92.32.7
    In percent of population2.72.72.72.72.72.72.7
    Wage bill (millions of dirhams)15,39217,20819,68321,69924,89525,73426,770
    Annual change in percent8.411.814.410.214.73.44.0
    Average wage (dirhams per year)24,89826,98430,37032,78336,90837,29337,768
    Average real wage (1980 dirhams)13,93614,75416,10016,24516,94816,18615,587
    Annual change in percent
    Nominal wage6.08.412.57.912.61.01.3
    Real wage3.25.99.10.94.3–4.5–3.7
    Ratio of wage bill to total central government expenditure36.634.835.537.139.537.336.1
    Sources: Ministry of Finance; and IMF staff estimates.
    Table A40.Central Government Debt(In millions of Moroccan dirhams)
    1986198719881989199019911992
    Stock at end-period120,587134,769155,571169,390171,738160,339191,914
    External direct debt83,20388,750104,000110,403114,237101,979124,601
    Long-term66,39969,57583,50088,147100,55090,531110,709
    Medium-term12,12113,31215,30016,15513,43511,21813,706
    Short-term4,6835,8635,2006,101252230186
    Domestic debt37,38446,01951,57158,98757,50158,36067,313
    Long-term8,8429,79111,14913,20214,73414,83923,482
    Medium-term3,9187,36511,09211,74211,28111,70512,594
    Short-term24,62428,86329,33034,04331,48631,81631,237
    Drawings181,227151,255138,355153,762184,843126,717166,459
    External direct debt5,2024,3426,7136,6805,0855,1746,254
    Long-term2,9103,0105,0714,3253,7813,3635,031
    Medium-term217260115230127155138
    Short-term2,0751,0721,5272,1251,1771,6561,085
    Domestic debt176,025146,913131,642147,082179,758121,543160,205
    Long-term1,1731,5771,9142,7612,5841,3519,599
    Medium-term3,2024,0525,8373,3561,8893,0201,269
    Short-term171,650141,284123,891140,965175,285117,172149,337
    Amortization169,808142,519130,727143,149184,197123,991155,689
    External direct debt4,5084,2413,4603,0813,0913,7574,363
    Long-term1,3321,3491,5661,5201,5722,2283,162
    Medium-term239369312525474562464
    Short-term2,9372,5231,5821,0361,045967737
    Domestic debt165,300138,278127,267140,068181,106120,234151,326
    Long-term5516285187459241,0441,000
    Medium-term5436052,1322,7062,3402,5711,210
    Short-term164,206137,045124,617136,617177,842116,619149,116
    Sources: Ministry of Finance; and IMF staff estimates.
    Table A41.External Debt Service of Central Government(In millions of Moroccan dirhams)
    198719881989199019911992Prel.
    1993
    Debt service before debt relief19,05917,24918,02319,57317,50216,96717,952
    Interest6,3466,9017,3707,8167,8657,5398,452
    Amortization12,71310,34810,65311,7579,6379,4289,500
    Debt relief9,9287,5687,3229,9451,5486,998
    Interest2,1421,8988952,3623001,449
    Amortization7,7865,6706,4277,5831,2485,549
    Debt service after debt relief9,1319,68110,7019,62815,95413,51517,952
    Interest (after debt relief)4,2045,0036,4755,4547,5656,8268,452
    Amortization (after debt relief)4,9274,6784,2264,1748,3896,6899,500
    Variation in arrears (–decline)–4473,546–3,546
    Interest–180736–736
    Amortization–2672,810–2,810
    Effective payments9,5789,68110,7019,62812,40813,51517,952
    Interest4,3845,0036,4755,4546,8296,8268,452
    Amortization5,1944,6784,2264,1745,5796,6899,500
    Sources: Ministry of Finance; and IMF staff estimates.
    Table A42.Current Subsidies to Public Enterprises(In millions of Moroccan dirhams)
    Prel.
    1987198819891990199119921993
    Total7147338179481,0091,2061,358
    ORMVA (agricultural development)146141138175164165155
    Centres des travaux (public works)144139138175181173179
    ONP (fisheries)444443
    Other14204495375946608651,024
    Sources: Ministry of Finance; and IMF staff estimates.

    Excluding subsidies to the Caisse de compensation, ONICL, and the Caisse marocaine des retraites.

    Table A43.Capital Subsidies to Public Enterprises(In millions of Moroccan dirhams)
    198719881989199019911992Prel.
    1993
    Total1,5411,7472,0281,7881,8001,8833,013
    Agence urbaine de Casablanca40404031
    Bureau de recherches et de participation minière12012712895909090
    Centrale d’achat et de développement de la région minière de Tafilalet et de Fiquiq743342
    Caisse marocaine des marchés10887677
    Centre de développement des energies renouvelables10353256
    Centres des travaux29394239242828
    Institut national de la recherche agronomique50676046627773
    Office des aéroports de Casablanca4350251718188
    Office national de recherche pétrolière180200210183173200200
    Office national des chemins de fer200198194148180175341
    Office national de I’électricité204079800
    Office national des eaux potables212321331199190188300
    Office national marocain de tourisme795370818190
    Office national de pêche1112107994
    Offices régionaux de mise en valeur429568719702731752827
    Office des postes et télécommunications5477110111144165148
    Other47375049878690
    Sources: Ministry of Finance; and IMF staff estimates.
    Table A44.Monetary Survey
    1987198819891990199119921993
    (In millions of Moroccan dirhams; end of period)
    Net foreign assets–2,679–35849414,83422,99529,17034,859
    Monetary authorities–5,558–3,584–3,09610,37219,55726,96733,586
    Reserves2,7994,1073,76416,40224,23830,93636,331
    Total IMF credit and loans outstanding–8,357–7,691–6,860–6,030–4,681–3,969–2,745
    Deposit money banks2,8793,2263,5904,4623,4382,2031,273
    Domestic credit78,83887,71996,46798,460115,283125,459134,254
    Domestic credit (excluding counterpart funds)75,73083,04490,98492,623108,813118,898127,224
    Net credit to the Government54,01260,14565,96963,76963,98867,70572,348
    Net credit to the Government
    (excluding counterpart funds)50,90455,47060,48657,93257,51861,14465,318
    Banking system34,85539,83344,70242,71944,89748,90952,726
    Treasury-IMF8,3577,6916,8606,0304,6813,9692,745
    Counterparts3,1084,6755,4835,8376,4706,5617,030
    Direct credit Bank Al-Maghrib6,5026,6657,2687,6617,5407,6118,803
    Special credit1,1901,2811,6561,5224006551,044
    Credit to the private sector24,82627,57430,49834,69151,29557,75461,906
    Public enterprises2,0221,7021,6541,6912,6113,7033,882
    Other enterprises22,80425,87228,84433,00048,68454,05158,024
    Money and quasi money75,54686,65996,853114,802134,063146,507158,489
    Money59,21268,19276,02490,659103,680110,082115,802
    Currency outside banks20,00421,91424,81429,54334,26935,74537,047
    Demand deposits39,20846,27851,21061,11669,41174,33778,755
    Quasi money16,33418,46720,82924,14330,38336,42542,687
    Other items, net613702108–1,5084,2158,12210,624
    (Annual percent change)
    Domestic credit6.411.310.02.117.18.87.0
    Domestic credit (excluding counterparts)5.89.79.61.817.59.37.0
    Net credit to the Government6.111.49.7–3.30.35.86.9
    Net credit to the Government
    (excluding counterparts funds)5.29.09.0–4.2–0.76.36.8
    Credit to the private sector7.211.110.613.747.912.67.2
    Money and quasi money9.714.711.818.516.89.38.2
    (Change as a percent of broad money; beginning of period)
    Net foreign assets3.03.11.014.87.14.63.9
    Domestic credit
    Including counterpart funds6.911.810.12.114.77.66.0
    Excluding counterpart funds6.09.79.21.714.17.55.7
    Net credit to the Government
    Including counterpart funds4.58.16.7–2.30.22.83.2
    Excluding counterpart funds3.66.05.8–2.6–0.42.72.8
    Credit to the private sector2.43.63.44.314.54.82.8
    Money and quasi money9.714.711.818.516.89.38.2
    (In percent of broad money)
    Money and quasi money100.0100.0100.0100.0100.0100.0100.0
    Currency outside banks26.525.325.625.725.624.423.4
    Demand deposits51.953.452.953.251.850.749.7
    Quasi money21.621.321.521.022.724.926.9
    Source: Bank Al-Maghrib.
    Table A45.Monetary Survey, Net Foreign Assets
    1987198819891990199119921993
    (In millions of Moroccan dirhams; end of period)
    A. Bank Al-Maghrib2,7994,1073,76416,40224,23830,93636,331
    Assets3,3514,6384,11116,75925,41032,19336,841
    Gold holdings1251251251251251251,950
    SDRs3234111,199700333
    Convertible foreign exchange2,9484,2643,74416,36923,82831,09334,266
    Arab Monetary Fund subscription228228220236240257274
    Nonconvertible foreign exchange18181818181818
    Liabilities5525313473571,1721,257510
    Convertible5525313473571,1721,257510
    Nonconvertible
    B. Net IMF position–8,357–7,691–6,860–6,030–4,681–3,969–2,745
    C. Deposit money banks2,8793,2263,5904,4623,4382,2031,273
    Assets3,4284,0684,6186,2815,6175,4085,002
    Liabilities5498421,0281,8192,1793,2053,729
    Net foreign assets (A + B + C)–2,679–35849414,83422,99529,17034,859
    D. External payments pending4,182296
    Memorandum item:
    Exchange rate: Dirham/SDR
    (end-period)11.0711.0510.6711.4411.6612.4413.26
    (In millions of SDRs; end of period)
    A. Bank Al-Maghrib2533723531,4332,0792,4862,740
    Assets3034203851,4652,1802,5872,778
    Gold holdings111112111110147
    SDRs30011035625
    Convertible foreign exchange2663863511,4312,0442,4992,584
    Arab Monetary Fund subscription21212121212121
    Nonconvertible foreign exchange2222211
    Liabilities5048333110110138
    Convertible5048333110110138
    Nonconvertible
    B. Net IMF position–755–696–643–527–402–319–207
    C. Deposit money banks26029233639029517796
    Assets310368433549482435377
    Liabilities507696159187258281
    Net foreign assets (A + B + C)–242–32461,2961,9732,3442,629
    D. External payments pending37828
    Sources: Bank Al-Maghrib; IMF Treasurer’s Department; and IMF staff estimates.
    Table A46.Summary Accounts of Bank Al-Maghrib
    1987198819891990199119921993
    (In millions of Moroccan dirhams; end of period)
    Foreign assets3,3514,6384,11116,75925,41032,19336,841
    Net claims on the Government18,23920,43226,11020,61424,15316,97416,877
    Claims on the deposit money banks7,6828,24412,4925,8628,3982,566965
    Credit to the private sector2,0221,8072,3552,1183,1951,828599
    Assets = Liabilities31,29435,12145,06845,35361,15653,56155,282
    Reserve money22,63726,20030,83938,34147,84844,02547,641
    Currency outside banks20,00421,91424,81429,54334,26935,74537,047
    Bank reserves2,0993,4255,0087,69012,3957,1408,902
    Other deposits5348611,0171,1081,1841,1401,692
    Foreign liabilities5525313473571,1721,257510
    SDR counterparts434434434434434434434
    Other items, net7,6717,95613,4486,22111,7027,8456,697
    Memorandum item:
    Treasury cash holdings424482408482516498678
    (Annual percent change)
    Net claims on the Government0.712.027.8–21.017.2–29.7–0.6
    Claims on the deposit money banks2.67.351.5–53.143.3–69.4–62.4
    Credit to the private sector1.6–10.630.3–10.150.8–42.8–67.2
    Reserve money5.415.717.724.324.8–8.08.2
    Currency outside banks7.09.513.219.116.04.33.2
    (In percent of reserve money)
    Foreign assets14.817.713.343.753.173.177.3
    Net claims on the Government80.678.084.753.850.538.635.4
    Claims on the deposit money banks33.931.540.515.317.65.82.0
    Credit to the private sector8.96.97.65.56.74.21.3
    Reserve money100.0100.0100.0100.0100.0100.0100.0
    Currency outside banks88.483.680.577.171.681.277.8
    Bank reserves9.313.116.220.125.916.218.7
    Other deposits2.43.33.32.92.52.63.6
    Source: Bank Al-Maghrib.
    Table A47.Summary Accounts of the Deposit Money Banks
    1987198819891990199119921993
    (In millions of Moroccan dirhams; end of period)
    Reserves2,0503,4975,0077,62612,3087,1098,671
    Foreign assets3,4284,0684,6186,2815,6175,4085,002
    Net claims on the Government24,30827,34727,51631,28828,68440,20145,696
    Credit to the private sector22,80425,76728,14332,57348,10055,92661,307
    Assets = Liabilities52,59060,67965,28477,76894,709108,644120,676
    Deposits51,90059,20965,53978,31492,140103,061112,720
    Demand35,56640,74244,71054,17161,75766,63670,033
    Time16,33418,46720,82924,14330,38336,42542,687
    Foreign liabilities5498421,0281,8192,1793,2053,729
    Credit from the central bank7,6828,24412,4925,8628,3982,566965
    Other items (net)–7,541–7,616–13,775–8,227–8,008–1883,262
    Related data
    Private sector claims on the Government3,1084,6755,4835,8376,4706,5617,030
    (Annual percent change)
    Reserves–9.770.643.252.361.4–42.222.0
    Foreign assets1.518.713.536.0–10.6–3.7–7.5
    Net claims on the Government13.812.50.613.7–8.340.213.7
    Credit to the private sector7.713.09.215.747.716.39.6
    Deposits10.114.110.719.517.711.99.4
    Demand12.814.69.721.214.07.95.1
    Time4.513.112.815.925.819.917.2
    Foreign liabilities–25.853.422.176.919.847.116.3
    Credit from the central bank2.67.351.5–53.143.3–69.4–62.4
    Related data
    Private sector claims on the Government23.150.417.36.510.81.47.1
    (In percent of deposits)
    Reserves3.95.97.69.713.46.97.7
    Foreign assets6.66.97.08.06.15.24.4
    Net claims on the Government46.846.242.040.031.139.040.5
    Credit to the private sector43.943.542.941.652.254.354.4
    Source: Bank Al-Maghrib.
    Table A48.Distribution of Credit to the Private Sector1
    198719881989199019911992
    (In millions of Moroccan dirhams; end of period)
    By source of financing43,03648,25653,61562,04882,38791,826
    Central bank2,0221,8072,3552,1183,1951,828
    Deposit money banks22,80425,76728,14332,57348,10055,926
    Specialized financial institutions18,21020,68223,11727,35731,09234,072
    By maturity43,03648,25653,61562,04882,38791,826
    Short-term24,89427,34929,09331,73045,36750,266
    Central bank2,0221,8072,3552,1183,1951,828
    Deposit money banks19,98521,88022,98424,85636,80042,449
    Specialized financial institutions2,8873,6623,7544,7565,3725,989
    Medium-and long-term18,14220,90724,52230,31837,02041,560
    Deposit money banks2,8193,8875,1597,71711,30013,477
    Specialized financial institutions15,32317,02019,36322,60125,72028,083
    Memorandum item:
    Bank credit24,82627,57430,49834,69151,29557,754
    (In percent of total)
    By source of financing100.0100.0100.0100.0100.0100.0
    Central bank4.73.74.43.43.92.0
    Deposit money banks53.053.452.552.558.460.9
    Specialized financial institutions42.342.943.144.137.737.1
    By maturity100.0100.0100.0100.0100.0100.0
    Short-term57.856.754.351.155.154.7
    Central bank4.73.74.43.43.92.0
    Deposit money banks46.445.342.940.144.746.2
    Specialized financial institutions6.77.67.07.76.56.5
    Medium-and long-term42.243.345.748.944.945.3
    Deposit money banks6.68.19.612.413.714.7
    Specialized financial institutions35.635.336.136.431.230.6
    Source: Bank Al-Maghrib.

    Including credits originating abroad.

    Table A49.Sectoral Distribution of Bank Credit to the Economy1(In millions of Moroccan dirhams; end of period)
    June
    1988198919901991199219921993
    Short-term22,43823,18725,35334,38738,29535,09937,230
    Agriculture and fishing2,3382,2772,2383,0253,4582,8382,916
    Mining1,1579708771,4371,4771,2071,475
    Industry, of which:11,66312,05413,54417,63719,30818,05718,752
    Food processing2,6962,6212,5543,3003,7192,9683,432
    Textiles3,1693,5824,2525,1405,6185,5445,156
    Chemicals1,1841,4871,6471,9922,3232,0512,283
    Construction materials1,4741,5031,4552,5032,6122,7543,041
    Commerce, of which:4,7325,1735,5237,2397,8937,7448,325
    Foodstuffs1,3731,5461,3741,7981,8401,8151,983
    Raw materials1,5951,7831,9382,6672,9652,8123,092
    Textiles322338341414427438434
    Other2,5482,7133,1715,0496,1595,2535,762
    Medium-and long-term10,56813,00314,71017,17019,29116,65619,708
    Agriculture and fishing1,8061,9451,7951,6541,6621,6511,684
    Mining1281028473606653
    Industry3,1233,8724,6936,1247,8986,3688,776
    Other5,5117,0848,1389,3199,6718,5719,195
    Construction7821,1171,3481,5891,5661,4391,621
    Hotels4768961,0871,1591,3251,1231,149
    Other4,2535,0715,7036,5716,7806,0096,425
    Total33,00636,19040,06351,55757,58651,75556,938
    Source: Bank Al-Maghrib.

    Declared to the Centrale des risques; excludes credits of less than DH 100,000.

    Table A50.Deposit Interest Rates(In percent a year)
    Applicable from
    January 1,

    1989
    January 1,

    1990
    December 31,

    1991
    January 1,

    1993
    January 1,

    1994
    Deposit money banks
    Sight deposits
    Ordinary accounts
    Accounts for Moroccans working abroad18.0
    Insurance, special financial institutions5.05.05.05.0
    Savings accounts8.58.58.58.58.5
    Convertible dirham depositsfree ratefree ratefree ratefree ratefree rate
    Time deposits and savings certificates
    3 months8.58.58.5free ratefree rate
    6 months10.510.5free ratefree ratefree rate
    12 monthsfree ratefree ratefree ratefree ratefree rate
    18 monthsfree ratefree ratefree ratefree ratefree rate
    Over 18 monthsfree ratefree ratefree ratefree ratefree rate
    Treasury
    Treasury bills
    6 months10.59.59.510.510.5
    Bonds
    10 years10.512–12.7512.75
    15 years11.011.012–12.7512.75
    Special treasury bills
    Current account bills (banks, other financial institutions, and insurance companies only)
    6 months4.254.254.254.254.25
    1 year4.254.254.254.254.25
    Bearer certificates
    Against capital accounts of nonresidents7.57.58.58.510.5
    Against investment reserves8.08.08.08.08.0
    Specialized financial institutions
    National Agricultural Credit Institute (CNCA)25.05.05.05.05.0
    National Bank for Economic Development (BNDE) and Housing and Tourism Credit Institution (CIH)
    5-year notes9.09.0free ratefree ratefree rate
    10-year notes10.512–12.7512.75
    15-year notes11.011.011–1212–12.7512.75
    National Savings Bank9.09.09.09.09.0
    Source: Bank Al-Maghrib.

    From October 1, 1983 through 1990, these deposits carried a fixed rate of 8 percent.

    Maximum rate for sight deposits; for time and savings deposits, the deposit money bank rates apply.

    Table A51.Money Market Operations1(End of period)
    StockTreasury Bill Rate
    Subscription3 months
    PeriodTotalEPADAdvancesNet1w.3w.1m.25w.EPAD13w.
    (In millions of Moroccan dirhams)(In percent a year)
    198813,41613,4164,1159,3018.58.8
    198913,2229,5153,7078,4614,7618.0
    19908,6428,6422,2006,4428.08.58.09.5
    19918,1078,1075,1003,0078.59.5
    1989Q114,58312,3492,2344,8579,7268.09.0
    Q211,2168,9712,2457,8943,3228.09.1
    Q315,18712,5262,66112,2032,9848.09.2
    Q413,2229,5153,7078,4614,7618.09.2
    1990Q113,8819,1724,7098,1235,7588.0
    Q213,4188,6674,7518,5554,8638.0
    Q310,95210,9526,6854,2678.08.58.09.5
    Q48,6428,6422,2006,4428.08.58.09.5
    1991Q14,7814,7812,0702,7118.0
    Q27,7087,7084,4213,2879.09.5
    Q38,7378,7375,6683,0693.510.09.8
    Q48,1078,1075,1003,0078.59.5
    1992Jan.10,23710,2375,3954,8428.59.0
    Feb.12,65712,6578,0424,615
    Mar.10,31710,3175,8104,5079.0
    Apr.12,14712,1477,8224,3259.0
    May11,85311,8537,0374,8168.59.0
    June11,00111,0017,3583,6433.510.010.0
    July13,34513,3458,7754,5709.010.0
    Aug.14,75014,75010,0904,6609.010.012.0
    Sept.12,06012,0607,1384,92210.010.011.012.0
    Oct.6,1686,1681046,0648.511.010.5
    Nov.5,3885,38845,3848.59.5
    Dec.7,7567,75627,754859.510.5
    1993Jan.7,8297,8293777,4529.09.510.511.0
    Feb.8,4218,4215767,84511.011.012.0
    Mar.7,9217,9213177,60411.013.012.0
    Apr.8,2898,2892618,0289.011.012.0
    May8,3718,3718557,51610.010.511.0
    June7,5257,5254367,0899.511.011.0
    July6,4906,4903986,0929.011.011.313.0
    Aug.6,2706,2705265,74410.011.0
    Sept.7,4657,4651157,3509.010.011.0
    Oct.10,63410,63410610,5287.59.09.5
    Nov.12,26112,261612,2557.59.010.0
    Dec.11,49311,493511,4888.09.0
    Source: Bank Al-Maghrib.

    EP = Permanent Issue; AD=Tenders; w=week; m = month; y = year; d=day. For the tenders, interest rates are weighted averages.

    Starting on February 2, 1990, these issues were replaced by auctions of treasury bills of one, three, and five weeks’ maturity.

    Treasury Bill RateBank Al-Maghrib Intervention Rate
    6 months1 year
    EPAD26w.EPAD52w.2y.5y.10y.15y.1d.3d.7d.
    (In percent a year)
    9.09.59.89.69.5
    9.911.311.111.0
    10.312.512.112.0
    11.012.013.313.113.0
    9.49.610.09.99.8
    9.49.711.511.411.3
    9.59.812.312.112.0
    9.69.911.311.111.0
    10.412.312.112.0
    10.411.811.611.5
    10.011.011.311.111.0
    10.312.512.112.0
    10.511.512.013.313.113.0
    11.813.012.912.8
    11.812.512.412.3
    11.012.013.313.113.0
    12.013.313.113.0
    12.012.012.312.112.0
    12.012.312.812.612.5
    12.013.313.113.0
    12.312.813.813.613.5
    12.012.312.813.813.613.5
    12.813.813.613.5
    12.5