December 5 2022 2:56 PM E-paper Subscribe Sign in My Account Sign out

Local revenues shored up — gov’t

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(File photo: Jordan News)
AMMAN Total domestic revenues shored up in the first seven months of this year to reach 60 percent, or JD4.8 billion, of the projected figure in the fiscal budget for 2022, according to AmmanNet.اضافة اعلان

The amount is JD438 million more than the corresponding period in 2021.

The improvement is due to higher tax revenues, of about JD375 million compared with the same period in 2021, and higher non-tax revenues, of about JD63.4 million compared with the same period last year.

The rise in tax revenues is due mainly to the rise in income tax collection during the first seven months of 2022 to JD1.228 billion. Another reason is the increased profits of companies listed in the Amman Stock Exchange, especially the banking and mining sectors.

Public expenditure also increased by JD448.6 million to JD5.9 billion in the first seven months of 2022, compared with the same period last year.


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