AMMAN— A report issued by the
Arab Monetary Fund (AMF) shows that tax revenues in Jordan, as a percentage of the
GDP, exceed the world average, at about 16 percent, Khaberni reported.
اضافة اعلان
The
AMF’s report on tax revenues in Arab countries for 2020 indicated that Morocco
is the leading Arab country in terms of tax revenues, at about 21.2 percent.
It
noted that the volume of tax revenues in Morocco and Jordan exceeds the global
average of 13.6 percent. It also said that public expenditures should be
directed toward supporting development projects and restructuring state-owned
enterprises, to enhance productivity, especially in the agricultural sector,
due to its vital importance, now more than ever, in view of the developments in
the global economy.
Spending
in these fields is desirable; it is classified as investment spending, which
differs from consumer spending in that the return to the community is achieved
in the medium and long terms.
The
report said that
Arab countries have witnessed a momentum in the effort to
enhance the role of social safety nets, within the framework of ambitious
economic reform programs that are being implemented.
It said governments seek
to implement economic reforms that ensure economic stability, while focusing,
in the process of implementation, on alleviating the burden on the vulnerable
and low-income classes.
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