Sign inSubscribe

Search Site

VideosInforgraphics
Sign inSubscribe
Trends banner

Economy

Nestle to cut 16,000 jobs

The company's shares shoot up 8%.

Multiply Group buys stake in ISEM

Multiply Group will hold 60.8% of ISEM.

Bosch to cut 13,000 jobs

This is a blow to Germany's ailing car sector.

Aldar ups stake in Aldar Estates

Acquires Modon Holding’s 17.45% stake

Oracle shares up 35%

Huge AI contracts lead to the surge.

Jordan’s revenue, spending shoot up in first half of 2021

By TRENDS Desk
July 27, 2021 9:41 am

    • Public expenditures went up by 10.1 percent during the January-May period

    • Revenues during the same period went up by JD848.9 million

    Jordan’s revenues during the first five months of 2021 went up by JD848.9 million, registering an increase of 38 per cent compared with the same period in 2020, the Finance Ministry announced on Monday.

    In a statement cited by the Jordan News Agency, Petra, the ministry noted that the rise comes from collected taxes, which showed an increase by JD540.9 million, in addition to non-tax revenues that rose by JD308 million.

    On the other hand, public expenditures went up by 10.1 per cent during the January-May period of 2021, with an increase of JD344.9 million compared with the same period of last year, which resulted from government’s re-disbursement of allowances and incentives to employees of the public sector and the Jordan Armed Forces-Arab Army.

    The public budget deficit dropped by JD461.8 million to JD636.4 million during the first five months of 2021, the ministry added.

     

    [adinserter block="5"]

    Most Read

    UAE’s working mothers get extended maternity leave

    The Gulf country is setting a new benchmark for supporting working mothers by doubling the mandated maternity leave to 120 days, Kathryn Martin VFS Global tell TRENDS.

    Getting vaccinated is ‘the most patriotic thing’ to do

    The Fourth of July is a sacred day in our country. A day of history, of hope, remembrance and resolve with promise and possibilities. Before me stands monuments of the…

    Saudi Arabia to generate $150 billion in investments from its new transport policy

    The government would provide thirty-five percent of the investments The rest of it, sixty-five percent, will come from the private sector Saudi Arabia expects to generate $150 billion from investments…

    GCC healthcare: Transforming the region and impacting the world

    PwC forecasts that AI could contribute US$320 billion to Middle Eastern economies by 2030, with healthcare predicted to see some of the largest gains relative to its current size

    New-Age Growth Comes Home to the GCC

    The region, fueled by ambition and massive investment, is rapidly advancing in technology and infrastructure, aiming to secure a leading role in the 4IR.

    [adinserter block="4"]