{"id":56577,"date":"2021-12-07T00:00:00","date_gmt":"2021-12-07T00:00:00","guid":{"rendered":"http:\/\/jordannewsgazette.com\/?guid=01c21c1b99a3987cf0e1b66adbb6fe8a"},"modified":"2021-12-07T00:00:00","modified_gmt":"2021-12-07T00:00:00","slug":"nine-month-domestic-revenue-jumps-by-jd880-million","status":"publish","type":"post","link":"https:\/\/jordannewsgazette.com\/nine-month-domestic-revenue-jumps-by-jd880-million\/","title":{"rendered":"Nine-month domestic revenue jumps by JD880 million"},"content":{"rendered":"
Domestic revenues soared by a whopping JD880.3 million in the first nine months of 2021, signaling an 18.8-percent rise from the figure reported in the corresponding period of 2020, according to official figures.<\/P>
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The ministry of finance indicated on Tuesday that the rise in local revenue was primarily driven by higher tax collections which soared by JD531.3 million, while non-tax revenue shot up by JD349 million.<\/P>
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The ministry said the figures reflect a prudent fiscal policy and are consistent with projections set forth in the general budget. The ministry also added that robust anti-tax evasion and avoidance policies contributed to these figures.<\/P>
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Income Tax collections recorded in the nine-month period rose to JD1.037 billion, indicating an increase of 8 percent from the JD961 million recorded in the same period of 2020, the ministry further said.<\/P>
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Nevertheless, public expenditure increased by JD453.3 million, or 6.8 percent, in the January-September period, while the pre-foreign aid budget deficit dropped by a major JD369.1-million to a total of JD958.6 million.<\/P>
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Source: Jordan News Agency<\/P>
<\/P><\/p>\n","protected":false},"excerpt":{"rendered":"
Domestic revenues soared by a whopping JD880.3 million in the first nine months of 2021, signaling an 18.8-percent rise from the figure reported in the corresponding period of 2020, according to official figures.The ministry of finance indicated on Tue…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25],"tags":[],"yoast_head":"\n