The Directorate of Financial Studies and Forecasts (DEPF) announced that the gross raised by the Treasury on the auction market more than doubled during the fourth quarter of 2022 (Q4-2022). They increase to 41.5 billion dirhams (MMDH).

According to the January 2023 economic statement published by DEPF, gross cash inflows from the Treasury were dominated for the third consecutive quarter by short maturities of 76.7% after 70.1% in Q3-2022, followed by average maturities whose share fell to 22.9% after 29.9% in Q3-2022. For the same source, long maturities represented only 0.4% of the quarter's fundraising, as the Treasury has not used these maturities since March 2022.

With regard to repayments from the Treasury for Q4-2022, they recorded an increase of 68.6% compared to Q3-2022 to 37.6 billion dirhams. After negative levels of 2.2 billion dirhams (MDH) in Q3-2022 and -428.4 million dirhams (MDH) in Q2-2022, net cash inflows from the Treasury stood at a positive level equivalent to 3.9 billion dirhams.