(MENAFN- Jordan News Agency) Amman, June 20 (Petra) -- Prime Minister Omar Razzaz on Tuesday outlined his government's domestic policies for the next stage and said slower economic growth and budget deficit cannot be offset by "arbitrary" tax hikes.
In his first press conference after taking office, the prime minister said his government's first priority will be reducing public expenditure, adding that the minister of finance has prepared a report proposing a JOD150-million reduction in government spending for the current year.
Speaking on the draft income tax law, Razzaz said the bill had been withdrawn from the parliament and an all-encompassing dialogue on the draft and the overall tax burden will be launched. With regard to a partial exemption of custom fees on hybrid cars the former government scrapped earlier this year, Razzaz said the minister of finance will make a statement about this issue next week after conducting dialogue with stakeholders.
On the monthly pricing mechanism of oil derivatives, the premier said: "We understand that the citizens feel that they don't know how the pricing of oil derivatives is calculated," adding that the citizen has the right to know the components of this mechanism, which includes three main parts: the price of oil, the costs of transport, storage and tax, which significantly varies according to oil derivatives types.
The prime minister underlined the right of the citizen to know these components and to understand how higher oil prices in global markets reflect on fuel prices here at home.
"If we want to follow a new approach, we have to answer these questions and respect the Jordanian citizen's mind," he said during the conference attended by State Minister for Media Affairs, Jumana Ghneimat.
AF More to follow.......
19/6/2018 - 09:10:11 PM
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