AMMAN – Local revenues have rose to JD6.5
billion by the end of September, reflecting an increase of JD439 million
compared to the same period last year.
اضافة اعلان
According to Khaberni, these revenues cover
91.2 percent of current expenditures, according to a statement from the
Ministry of Finance on Thursday.
This increase is attributed to a rise in tax
revenues by approximately JD233.6 million and an increase in non-tax revenues
by around JD205.4 million. The surge in
tax revenues is due to higher income
and profit tax revenues, reaching JD1.5655 billion and achieving 101.3 percent
of the estimated amount in the 2023 General Budget Law. This result stems from
improved taxpayer compliance and commitment to submitting tax declarations
without raising tax rates.
In terms of public spending, the total
expenditure for the central
government/budget during the first nine months of
2023 amounted to approximately JD7.9537 billion, compared to JD7.6115 billion
during the same period last year. This increase is primarily driven by a rise
in current expenditures by JD533.6 million compared to the same period the
previous year.
Due to these developments, the financial
deficit decreased by approximately JD10.2 million, reaching JD1.3968 billion
during the first nine months of 2023, compared to JD1.407 billion during the
same period the previous year.
On another note, the percentage of the
government debt balance decreased by the end of September 2023, excluding
statistically what the
Social Security Investment Fund (SSIF) carries. The debt
balance accounted for 88.7 percent of the estimated Gross Domestic Product for
September 2023, compared to 88.8 percent of the Gross Domestic Product for
2022, including the indebtedness of both the
National Electricity Company and
the Water Authority.
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