The Jordanian Minister of Finance, Dr. Ezzedin Kanakriyah, revealed a problem in the volume of revenues collected compared to what was expected when preparing the budget, due to the decline in income from sales tax and customs.
He stressed the need to redouble the efforts to improve the financial performance, in addition to the need for continuity of spending to provide better service to citizens, and the need to inject liquidity into the market to move the wheel of the national economy.
Dr. Kanakriyah pointed out that the increase in revenue by 109 million dinars, including oil revenues and fees and the introduction of the budget of independent bodies and government institutions to the public budget of the state, compared to the same period last year. Explaining that the sales’ tax decreased by 10 percent, and the customs duties also declined, while the percentage of the treasury's real estate decline was 5.9 percent.
He added: "the public debt for the first quarter of this year rose by 600 million dinars, and the financial revenues of tobacco decreased during the first third of this year by 70 million dinars, which is a great challenge for the government, in addition to the low tax of the treasury of fuel, and the influence of the e-commerce on the economic sectors, which requires the government to regulate it."
Source: (Al-Dostour newspaper – Jordan, Edited)
