AMMAN — Local revenue increased by JD795 million in
the first half of 2021 to a total of JD3.708 billion, representing a 27.3
percent increase for the same period in 2020, according to the Jordan News
Agency, Petra.
اضافة اعلان
According to data released on Tuesday by the Ministry of
Finance, the growth in domestic revenue was driven by a JD482.7 million, or
26.6 percent, increase in tax
revenue and a JD312.3 million, or 54.7 percent,
increase in non-tax revenue. Additionally, the ministry and the Income and
Sales Tax Department cracked down on tax evasion and avoidance, which expanded
the tax base and improved voluntary tax commitment, Petra reported.
The ministry indicated that capital spending during the
first half of the year rose by JD174.6 million, or 82.8 percent, compared to
the same period last year.
The ratio of capital spending to public expenditures also
increased during the first half of this year, reaching 8 percent, compared to 5
percent and 7 percent during the same period for the years 2020 and 2019,
respectively.
The actual capital spending, the ministry pointed out,
constituted 34.5 percent of the figure estimated in the public budget, against
17 percent and 25 percent during the same period of 2020 and 2019 respectively.
The actual capital spending for this year, it said, is
higher than the actual average spending in previous years, which amounted to 30
percent. The ministry also explained that spending on capital projects is
usually larger during final half of the year, as projects often begin during
these periods, according to Petra.
In regards to Jordan’s debt, preliminary data showed that
the ratio of general debt to the estimated gross domestic product for this year
amounted to 74.4 percent, compared to 73 percent in 2020.
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