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Keywords: Tax revenue
Morocco’s proposed 2027 Finance Bill introduces a tougher tax framework for large companies involved in importing and distributing petroleum products, while also outlining measures intended to ease income tax pressure on individual taxpayers. The proposals reflect an effort to balance household......
Canadian public finances show significant improvement at the start of the 2026-2027 fiscal year. The deficit recorded between April and June stood at 370 million Canadian dollars, down from 6.28 billion a year earlier, driven by a strong increase in tax revenues. A deficit nearly seventeen times smaller The......
Morocco recorded a significant improvement in its public finances during the first half of 2026, with the national budget deficit shrinking by more than one-fifth compared with the same period last year. The latest Treasury Revenue and Expenditure Report released by the Ministry of Economy and Finance......
Morocco recorded a budget deficit of MAD 15.5 billion by the end of April 2026, widening from MAD 11.8 billion during the same period a year earlier as public spending continued to accelerate despite stronger tax collection. The latest public finance data showed that rising operating and investment expenditures......
Germany is facing increasing financial pressure after the country’s council of tax experts lowered its forecast for tax revenues between 2026 and 2030. The revised estimates are expected to place additional strain on the federal budget at a time when the government is already dealing with slower......
Türkiye recorded a central government budget deficit of 214.5 billion Turkish liras ($4.9 billion) in January, according to official data released by the Treasury and Finance Ministry. The ministry reported total budget revenues of 1.42 trillion liras ($32.38 billion) for the month, while expenditures......
Morocco's comprehensive fiscal reforms have driven remarkable growth in tax revenue, reaching MAD 299 billion ($29.5 billion) in 2024, marking a significant increase from MAD 199 billion ($19.5 billion) in 2020. This surge in revenue has enabled substantial investments in social welfare programs,......
Morocco's recent tax amnesty initiative has successfully concluded, generating MAD 231.7 million (USD 22 million) in additional tax revenue through its Voluntary Asset Disclosure Program. The program, which ended on December 31, 2024, was designed to encourage Moroccans to declare assets and liquidity......
Morocco’s Ministry of Economy and Finance is exerting pressure on tobacco companies to raise cigarette prices following disappointing revenue collections from the Domestic Consumption Tax (TIC) on manufactured tobacco. Sources within the ministry indicate that these tax revenues have fallen below......