AMMAN – On Thursday, it was announced that
domestic revenues surged by JD 470.3
million from the start of 2023 until the end of October, totaling roughly JD
7.124 billion compared to the corresponding period last year, achieving 90
percent coverage of current expenses.
اضافة اعلان
This increase resulted from
a JD 250.4 million
increase in tax revenues and a JD 220 million rise in
non-tax revenues, the Jordan News Agency, Petra reported.
The surge in tax revenues,
as outlined in the monthly financial bulletin, is attributed to a JD234.4
million increase in
income and profits tax revenues, reaching JD1.623 billion,
surpassing 105.1 percent of the estimate in the General Budget Law for the year
2023. This improvement stems from enhanced
tax commitment and compliance among
taxpayers, without necessitating an increase in
tax rates.
Concerning public spending,
the central government's budget over the first 10 months of 2023 amounted to
about JD 8.835 billion, compared to JD8.562 billion during the same period last
year. This increase in current expenditures reached JD526.2 million compared to
the corresponding period last year.
In light of these
developments, the fiscal deficit witnessed a decrease of approximately JD144.4
million, reaching JD1.635 billion during the first 10 months of 2023, compared
to about JD1.780 billion during the same period last year.
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