The data issued by the Jordanian Ministry of Finance showed that domestic revenues during the first half of this year reached 3.7 billion dinars, equivalent to 5.2 billion dollars, up from 2.9 billion dinars (equivalent to 4 billion dollars) during the same period last year, representing an increase of 795 million dinars or $1.3 billion, or by 27.3 percent.
According to the Ministry of Finance, the increase in revenues came as a result of an increase in tax revenues of 483 million dinars ($676 million), or 20.6 percent, and an increase in non-tax revenues of 312.3 million dinars ($437 million) by 54.7%, in addition to the efforts made by the Ministry and the Income and Sales Tax Department to combat tax evasion, address tax evasion, expand the tax base, and improve voluntary tax compliance by taxpayers.
The ministry’s figures showed an increase in capital spending by about 174.6 million dinars ($245 million), or 82.8 percent, compared to the same period last year, with a value of 73 million dinars ($100 million) during the same period in 2019. The ratio of capital expenditure to public expenditures increased to 8%, up from 7% and 5% during the same period for the years 2019 and 2020, respectively. Thus, the actual capital expenditure is 34.5 percent of the capital expenditure estimated in the general budget.
Source (The New Arab Newspaper, Edited)
