Gov’t Spending Up 50% in 10 Years, Despite Deficits

Index Rise, up - (Expressive)
Index Rise, up - (Expressive)

اضافة اعلان

AMMAN —AlGhad— Public spending, in just ten years, has increased by nearly 50 per cent, from JOD6 billion in 2009 to JOD9.035 billion, according to the 2018 Budget Bill, despite the building deficits.

On average, the government has increased its expenditures by some JOD300 million, annually, over the ten-year duration.

Extended exemptions, according to a previous statement by Minister of Finance Omar Malhas, stood at nearly JOD3 billion in 2015, comprising 11.5 per cent of GDP.

By tweaking exemption criteria, the government was able to allocate more than JOD500 million for 2018 under the exemptions section alone.

While capital expenditure has barely exceeded the one-billion barrier, current expenditure and liabilities have been skyrocketing to nearly JOD6 billion, including salaries.

Meanwhile, the deficits peaked at JOD1.8 billion in 2012, before declining to JOD500 million in 2013.

The government is currently aiming to arrive at a JOD543-million deficit by the end of next year, according to the 2018 Budget.