Seybold Report ISSN: 1533-9211
Vol 18, No 6 ( 2023 ) | Licensing: CC 4.0 | Pg no: 199-219 | Published on: 24-06-2023
Treasury bills are considered one of the most important tools for financing the state’s general budget deficit, and its interests have become of great importance in relation to the year-round expenditure items in the state’s general budget in Morocco. Then the study aims to measure the impact of treasury bills’ payments on the state’s general budget deficit in Morocco in the period from 2012 to 2022 The study analyzes the effects of issuing treasury bills on a number of macroeconomic variables in Morocco and measures the impact of treasury bills, especially the benefits of treasury bills on the deficit of the state’s general budget in Morocco. The study used time series analysis to analyze this effect, and the study concluded that the benefits of treasury bills have a major role in exacerbating the state budget deficit in Morocco Which reached 48.1 billion dirhams in 2022 in the short and long term at a significant level of 5%. Thus, the benefits of treasury bills are considered one of the important factors that exacerbate the budget deficit. Therefore, the benefits of treasury bills must be taken into consideration when discussing how to reduce the size of the deficit in the state’s general budget in Morocco.
Treasury bills, budget deficit, efficiency, effectiveness and sustainability of treasury bills, benefits of treasury bills, financing disability..