Domestic revenue jumps by JD880 million in first nine months of year

Ministry of Finance
(Photo: Jordan News)
AMMAN — Domestic revenues increased by JD880.3 million in the first nine months of 2021, signaling an 18.8-percent rise from the figure reported in the corresponding period of 2020, according to official figures cited by the Jordan News Agency, Petra.اضافة اعلان

The Ministry of Finance indicated on Tuesday that the rise in local revenue was primarily driven by higher tax collections which increased by JD531.3 million, while non-tax revenue shot up by JD349 million.

The ministry said the figures reflect a “prudent” fiscal policy and are consistent with projections set forth in the general budget. The ministry also added that “robust” anti-tax evasion and avoidance policies contributed to these figures.
Income tax collections recorded in the first nine months of the year rose to JD1.037 billion, indicating an increase of 8 percent from the JD961 million recorded in the same period of 2020, the ministry further said.

Nevertheless, public expenditure increased by JD453.3 million, or 6.8 percent, in the January-September period, while the pre-foreign aid budget deficit dropped by JD369.1 million to a total of JD958.6 million.

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