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Local revenues reach JD7.695 billion in January-November 2023

By JT | 01:57 January 26, 2024 |
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AMMAN — Local revenues in the January-November period of 2023 increased by JD374 million to reach JD7.695 billion compared with the same period in 2022, according to official figures.

The Finance Ministry attributed the grwoth to a JD206.5 million increase in tax revenues and a JD167.5 million boost in non-tax revenues.

According to the ministry's monthly report, cited by the Jordan News Agency, Petra, the upswing in tax revenues is attributed to a JD205.5 million rise in income tax revenues and profits, surpassing projections in the 2023 General Budget Law by JD1678 million and achieving 108.6 per cent of the expected figure.

The ministry attributed the "positive trend" to enhanced tax compliance behaviour from taxpayers, emphasising that no tax hikes were implemented.

The total government spending in the first eleven months of 2023 reached approximately JD9.760 billion, up from JD9.388 billion in the same period of 2022. "This increase is primarily driven by a JD590.7 million rise in current expenditure"

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