Economist urges government action to halt erosion of wages in Jordan

Money  wallet
(File photo: Jordan News)
AMMAN — Economist Mohammad Al-Bashir has raised alarm over the eroding income levels of Jordanian citizens, attributing the decline to the financial policies implemented by successive governments. اضافة اعلان

According to Khaberni, Bashir emphasized the urgent need for radical measures to reverse this trend and suggested reevaluating the sales tax system.

According to Bashir, several factors have contributed to the erosion of weekly and monthly wages in Jordan. The nation's economic conditions have worsened, accompanied by a lack of growth, significant price hikes, and a trade balance deficit.

Stagnant tax file and rising poverty concerns
Bashir also expressed concern over the stagnant tax file, which has remained largely unaddressed for a decade.

This lack of progress has exacerbated the economic hardships faced by Jordanians, potentially leading to an increase in poverty levels, he said.

In a similar vein, Textile and Readymade Clothes Syndicate President Sultan Allan, emphasized the absence of a standardized poverty measurement system and called for radical solutions, particularly regarding the sales tax on essential commodities like clothing and shoes.

Regulating e-commerce and supporting local markets
To alleviate the financial struggles experienced by the populace, Allan stressed the necessity of enacting more effective laws to regulate e-commerce.

Additionally, he advocated for marketing programs aimed at supporting local markets and bolstering purchasing power. By implementing such measures, the economic hardships witnessed, especially during the previous month of May and the Eid Al-Fitr holidays, could have been mitigated.

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