Government revenue rises to JD5.2bln in January-July of 2023

Government revenue rises to JD5.2bln in January-July of 2023
(File photo: Jordan News)
AMMANGovernment revenue jumped by a staggering JD404 million in the first seven months of the current year to a total of JD5.204 billion compared to the figure reported in the same period in 2022, as reported by Jordan News Agency, Petra.اضافة اعلان

The rise came as a result of a leap in tax revenues of about JD199.3 million and an increase in non-tax revenues of about JD204.8 million.

The increase in tax revenues is due to the rise in income and profits tax revenues to JD227.5 million, as a result of the improvement in tax commitment and compliance of taxpayers in submitting tax returns

In terms of public spending, the total spending of the central government/budget during the first seven months of the current year amounted to JD6.156 billion, compared to JD5.888 billion during the same period of the previous year. 

Subsequently, the financial deficit saw a decrease of JD80.7 million, amounting to JD924.8 million during the first seven months of the current year, compared to JD1.005 billion during the same period of the previous year.


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