AMMAN — The government debt balance has decreased, excluding
what is held by the Social Security Investment Fund, to a value of JD 30,517.3
million compared to 30,667.6 million in 2022.
اضافة اعلان
Financial data indicated an increase in domestic revenues
during the first two months of this year, reaching a value of JD 1,295.6
million, compared to JD 1,212.3 million during the same period of the previous
year, with an increase of JD 83.3 million.
Rise in tax revenues
This increase in revenues is primarily due to a rise in tax
revenues by approximately JD 34.4 million, reaching JD 1,004.6 million compared
to JD 970.2 million during the same period of last year.
The increase in tax
revenues is attributed to higher income and profit taxes, amounting to around
JD 41.4 million, indicating the government's commitment to financial and
economic reforms, as well as the efforts of the Ministry of Finance and the
Income and Sales Tax Department to expand the tax base.
Non-tax revenues also increased by approximately JD 48.9
million, reaching JD 291 million compared to JD 242.1 million during the same
period in 2022.
Increase in higher property income
This increase is
mainly due to higher property income revenues by around JD 26.1 million, driven
by an increase in financial surplus by JD 20.3 million compared to the same
period last year.
Meanwhile, public expenditures increased to JD 97.6 million
during the first two months of 2023, reaching a total of JD 1,504.4 million
compared to JD 1,406.7 million during the same period in 2022.
This increase in total expenditure is attributed to a rise
in current expenditures by JD 84.8 million, or 6.2 percent, and an increase in
capital expenditures by approximately 12.9 million dinars, or 36.6 percent.
The government debt balance until the end of February 2023,
after excluding the holdings of the SSIF amounted to JD 30,517.3 million,
accounting for 89.6 percent of the estimated Gross Domestic Product for
February 2023, compared to JD 30,667.6 million at the end of 2022, which
represented 91 percent of the GDP.
Read more Business
Jordan News
.jpg)
.jpg)
