Finance: Government spending increased by 318.9 million dinars in 5 months
08-10-2023 02:24 PM
Ammon – Domestic revenues increased during the first five months of 2023; To reach a value of 3792.3 million dinars, an increase of 415.9 million dinars compared to the same period of the previous year.
The Ministry of Finance said in a press statement on Thursday that the increase came as a result of an increase in tax revenues by about 250.7 million dinars, and an increase in non-tax revenues by about 165.3 million dinars.
In terms of public spending; The Ministry stated that the total spending of the central government / budget during the first five months of 2023 amounted to about 4,298.8 million dinars; Recording an increase of 318.9 million dinars compared to what it was during the same period of the previous year. This increase in total spending came as a result of an increase in current expenditures by 291.1 million dinars, and an increase in capital expenditures by about 27.8 million dinars.
The ministry indicated that spending on capital projects during the third and fourth quarters is of a greater value. Because the project cycle starts during the third quarter.
According to the ministry; The percentage of the government debt balance decreased until the end of May 2023, after statistically excluding what is held by the Social Security Investment Fund (SSIF), to 89.8% of the estimated GDP for the month of May 2023, compared to 91% of the GDP for the year 2022 inclusive. The indebtedness of the National Electricity Company and the Water Authority.
Ammon – Domestic revenues increased during the first five months of 2023; To reach a value of 3792.3 million dinars, an increase of 415.9 million dinars compared to the same period of the previous year.
The Ministry of Finance said in a press statement on Thursday that the increase came as a result of an increase in tax revenues by about 250.7 million dinars, and an increase in non-tax revenues by about 165.3 million dinars.
In terms of public spending; The Ministry stated that the total spending of the central government / budget during the first five months of 2023 amounted to about 4,298.8 million dinars; Recording an increase of 318.9 million dinars compared to what it was during the same period of the previous year. This increase in total spending came as a result of an increase in current expenditures by 291.1 million dinars, and an increase in capital expenditures by about 27.8 million dinars.
The ministry indicated that spending on capital projects during the third and fourth quarters is of a greater value. Because the project cycle starts during the third quarter.
According to the ministry; The percentage of the government debt balance decreased until the end of May 2023, after statistically excluding what is held by the Social Security Investment Fund (SSIF), to 89.8% of the estimated GDP for the month of May 2023, compared to 91% of the GDP for the year 2022 inclusive. The indebtedness of the National Electricity Company and the Water Authority.
