The contribution of the Tourist Engineering Company (SMIT) to the implementation of the tourism strategy can be assessed through its budgetary and technical achievements, according to the report on public establishments and enterprises of the PLF 2019.
On revenue forecasts for the 2017 financial year of 270.46 MDH, SMIT achieved 187.32 MDH, i.e. an achievement rate of 69%.
According to the same source, these recipes are distributed as follows:
> 106.5 MDH contribution for the development of the tourism product;
> 28 MDH of land placement;
> 19.7 MDH in capital allocations;
> 14.3 MDH from investment promotion;
> 11 MDH of paid engineering services;
> 7.4 MDH of financial products.
Operating expenses (excluding non-current charges) amounted to 50 MDH at the end of 2017, with an achievement rate of 96%. Non-current charges amounted to MAD 10.5 million and concern the tax adjustment for the period 2011-2014.
The net result for the year 2017 stood at 9.7 MDH, marking an improvement of around 23% compared to the 2016 financial year.
Important element: on forecasts of the order of 199 MDH, the investment expenditure was carried out to the tune of 26 MDHat the end of 2017, i.e. a very low achievement rate of 13%.
For the current year, the performance objectives in terms of hosting capacity to be created are as follows:
> Commitments of 6,000 MDH and 4,000 beds;
> Achievements amounting to MAD 9,000 million and 12,000 beds.
A budget of 230 MDH for the year 2018
SMIT’s budget for the year 2018 is 230 MDH, divided between the operating budget (52 MDH), the investment budget (174 MDH) and the equipment budget (4 MDH).
For their part, the revenue is estimated at 174 MDH and is made up, among other things, of land grants (35 MDH), and revenue linked to paid engineering (5.5 MDH).
Investments planned for 2019, 2020 and 2021are estimated at 265 MDH, 420 MDH and 420 MDH, in respective order.
« Dispersion of SMIT’s current missions in relation to its general interest mission »
The report recalls that the strategic audit carried out by the Ministry of the Economy and Finance, carried out in 2015, demonstrated the incompleteness of the company’s overall strategyas well as the lack of assurance on the sustainability of its business model.
The report also highlights that the company’s strategic diagnosis revealed a dispersion of SMIT’s current missions in relation to its mission of general interest with a shift towards competitive activities obeying market logic, interference and institutional overlaps at the level of the value chain compromising the readability of the positioning of the actors. Following these conclusions, three possible scenarios were identified and analyzed.
The conclusions of this strategic audit were transmitted on January 4, 2016 to the head of government with a view to deploying the optimal scenario.
source: leboursier.ma
