In details, the financial statements reveal an increase in local collections and revenues by about 652.2 million dinars
Amman Today
publish date 2021-06-21 10:49:13
Sales tax collections increased by 29.7%
Income tax collections increased by 20.8%
Public expenditures increased by 9.3%.
Customs duties rise 32.9 percent
Non-tax revenue increased by 63 percent
External grants decreased by 34.5 percent
Public revenue increased by 30.5 percent
Current expenditures increased by 7.1 percent
The financial deficit amounted to 329.3 million dinars
27.1 million dinars, the balance of government debt at the end of April, or 86.3% of GDP
Jordan word
Actual public financial data during the first third of this year showed a clear improvement in local revenue collections, which rose by about 652.2 million dinars, or 34.1 percent, compared to the same period last year.
This improvement is due, according to a statement issued by the Ministry of Finance, to the collection of tax revenues, which rose by 423.1 million dinars, and non-tax revenues, which rose by about 229.1 million dinars, compared to the same period of the previous year, in addition to the collection of tax revenues, which rose by 423.1 million dinars, or A rate of 27.3% compared to the same period last year, and a rate of 23.3 percent compared to the same period in 2019, to reach 1973 million dinars
The ministry indicated that sales tax collections increased by 29.7 percent compared to the same period last year and by 38.4 percent compared to the same period in 2019.
As for income tax collections, they increased by 20.8 percent compared to the same period last year and by 4.8 percent compared to the same period in 2019.
Customs duties increased by 32.9 percent compared to the same period last year and by 9.2 percent over the same period in 2019; This is a result of the efforts made to combat tax evasion and avoidance without raising the tax burden on the citizen.
And an increase in non-tax revenues by about 229.1 million dinars, or 63 percent, compared to the same period of the previous year, to reach 592.7 million dinars, and this reflects the improvement in the level of revenues from what is estimated in the general budget law for the year 2021.
Regarding external grants, the ministry indicated that grants decreased by 34.5 percent compared to the same period last year and by 18 percent compared to the same period in 2019.
Public revenues increased by 30.5 percent compared to the same period last year and by 2.6 percent over the same period in 2019, reaching a value of 2635.1 million dinars.
As a result of the government’s re-disbursement of bonuses and incentives to employees of the public sector and the armed forces and an increase in capital spending, public expenditure data witnessed an increase of 251.6 million dinars, or 9.3 percent compared to the same period of the previous year, where current expenditures increased by 7.1 percent compared to the same period last year Capital expenditures increased by 58.3 percent compared to the same period last year.
As a result of previous developments, the financial deficit amounted to 329.3 million dinars during the first third of 2021.
On the debt side, the balance of government debt, after excluding what is held by the Funds Investment Fund after excluding what is held by the Social Security Investment Fund (SSIF) until the end of April 2021, amounted to about 27,105.2 million dinars, or 86.3 percent of the estimated gross domestic product for the month of April of this year , compared to 85.4 percent at the end of 2020.
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Jordan Business
Source : ألدستور