Domestic revenues increase by 26.4% in January — Finance Ministry

AMMAN — Domestic revenues in January reached JD760.7 million, marking an increase of 26.4 per cent, compared with the same month of the previous year, the Finance Ministry announced on Wednesday.

This rise in local revenues was driven by an augmentation in tax revenues by approximately JD20.5 million and an increase in non-tax revenues by nearly JD5.8 million, compared with the same period of 2023, according to the Jordan News Agency, Petra, citing the ministry’s monthly bulletin.

The figures also showed that local revenues accounted for 105.7 per cent of current expenditures.

Public expenditures totalled JD739.6 million in the first month of the year, down from 749.8 million recorded in January of 2023. 

Due to these developments, the general budget achieved a financial surplus, after grants, of around JD26.6 million, against a financial deficit of about JD7.2 million in the previous year.