Domestic revenues increased in the first quarter of 2022 by about JD32 million to reach the value of JD1829.2 million, compared to JD1797.2 million during the same period last year, official data showed.
On the reasons driving the rise, the data said the figures came as a result of the increase in tax revenues by JD74.8 million, while non-tax income went down by JD42.8 million.
The increase in tax revenues came as a result of the rise in taxes on income and profits by an amount of JD69.6 million, which reflects efforts of the Ministry of Finance, represented by the Income and Sales Tax Department (ISTD), in fighting tax evasion and avoidance and signals the “gradual” recovery in Jordan’s economic sectors.
Moreover, the 1st quarter’s financial data revealed a drop in non-tax revenues by JD42.8 million.
On the other hand, total spending rose during the first quarter 2022 by JD78.5 million to JD2204.4 million, compared to JD2125.9 million during the same period 2021.
In this regard, spending on social protection increased by about JD32.5 million, which reflects the government’s priority in expanding the social safety net and directing support to deserving beneficiaries.
Source: Jordan News Agency