AMMAN — Last year, domestic revenues increased by
JD797 million to reach JD8.122 billion, up from the JD7.325 billion recorded in
2021, the Ministry of Finance said in its monthly bulletin on Wednesday.
اضافة اعلان
Tax revenues rose by about JD421 million and non-tax
revenues by about JD376 million. The coverage of current expenditures by
domestic revenues reached 90.7 percent, reflecting the government’s approach to
enhancing financial independence, the Jordan News Agency, Petra, reported.
Tax revenuesThe bulletin showed that the rise in tax revenues is due to
raised general taxes on goods and services, which contributed an additional
JD128.8 million in 2022 compared to the previous year. An increase in income
and profit tax collections also contributed an additional JD368.6 million.
This chance can be attributed to government measures to
revise tax regulations and administrative and structural procedures in its
fight against tax evasion.
ExpendituresMeanwhile, public expenditures increased by JD608 million in
2022 to reach JD10.466 billion, up 6.2 percent compared to 2021. This increase
is mainly due to the rise in current expenditures by JD233.7 million, or 2.7
percent, year-on-year, and the increase in capital expenditures by JD374
million, or 32.9 percent.
Furthermore, spending on social protection also went up by
JD184 million compared to 2021, according to the bulletin.
Public debtGovernment debt amounted to JD30.667 billion last year —
88.5 percent of the estimated GDP — and it totaled JD28.763 billion (88.6
percent) in 2021.
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