Sunday, 05 December 2021 03:39 GMT

Jordan to reduce public spending by USD210m


(MENAFN) The new Jordanian government declared a plan to reduce public spending by around USD210 million within 2018.

Prime Minister Omar Razzaz stated "it is unacceptable whenever there is weak economic growth and there is a decline in revenues that we resort to imposing taxes, the priority should be for cutting public spending."

The Ministry of Finance has prepared a report on cutting spending by all ministries and independent public agencies and institutions by 150 million dinars this year, the prime minister said during a press conference in Amman.

Prime Minister Razzaz assured that the move is to lessen from Jordan's dependence on imposing taxes.

Razzaz added "there will be a comprehensive revision of the overall tax structure and the tax burden with focus on the income tax draft bill to ensure justice," pledging for transparency to ensure accountability.

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