You are here -allRefer - Reference - Country Study & Country Guide - Jordan >

allRefer Reference and Encyclopedia Resource

allRefer    
allRefer
   


-- Country Study & Guide --     

 

Jordan

 
Country Guide
Afghanistan
Albania
Algeria
Angola
Armenia
Austria
Azerbaijan
Bahrain
Bangladesh
Belarus
Belize
Bhutan
Bolivia
Brazil
Bulgaria
Cambodia
Chad
Chile
China
Colombia
Caribbean Islands
Comoros
Cyprus
Czechoslovakia
Dominican Republic
Ecuador
Egypt
El Salvador
Estonia
Ethiopia
Finland
Georgia
Germany
Germany (East)
Ghana
Guyana
Haiti
Honduras
Hungary
India
Indonesia
Iran
Iraq
Israel
Cote d'Ivoire
Japan
Jordan
Kazakhstan
Kuwait
Kyrgyzstan
Latvia
Laos
Lebanon
Libya
Lithuania
Macau
Madagascar
Maldives
Mauritania
Mauritius
Mexico
Moldova
Mongolia
Nepal
Nicaragua
Nigeria
North Korea
Oman
Pakistan
Panama
Paraguay
Peru
Philippines
Poland
Portugal
Qatar
Romania
Russia
Saudi Arabia
Seychelles
Singapore
Somalia
South Africa
South Korea
Soviet Union [USSR]
Spain
Sri Lanka
Sudan
Syria
Tajikistan
Thailand
Turkmenistan
Turkey
Uganda
United Arab Emirates
Uruguay
Uzbekistan
Venezuela
Vietnam
Yugoslavia
Zaire

Jordan

Revenue and Taxation

Customs revenues from tariffs and a 15 percent across-the-board import surcharge traditionally have been the largest sources of domestically generated revenue, accounting for almost 40 percent of government income before foreign aid receipts in 1985. Because of a narrow tax base and the granting of numerous exemptions, direct taxes on income have made only a small contribution to government revenue. In 1985 direct taxes accounted for 13 percent of government revenue, or 4 percent of GDP. Various indirect taxes, however, were relatively high, so that indirect and direct taxes combined represented 14 percent of GDP. Jordan's revenue policy dovetailed with its investment policy. High customs charges and indirect taxes were designed to stifle consumer spending, while low personal income taxes and even lower business taxes were meant to channel the resulting savings to investments. For similar reasons, domestic borrowing was limited. In 1986 outstanding internal public debt was only JD419 million (see table 8, Appendix).

Total 1989 revenue was projected at JD913 million. Customs revenues were expected to contribute JD155 million, but it was possible that the government import ban on luxury goods would slash this figure. Other local revenue generated through direct and indirect taxes was expected to contribute JD392 million. Foreign aid was expected to contribute JD225 million, the same level as projected for 1988, although actual aid disbursed to Jordan in 1988 amounted to JD164 million. Development loans were expected to contribute another JD103 million to 1989 revenues.

Data as of December 1989


Jordan - TABLE OF CONTENTS


Go Up - Top of Page

Make allRefer Reference your HomepageAdd allRefer Reference to your FavoritesGo to Top of PagePrint this PageSend this Page to a Friend


Information Courtesy: The Library of Congress - Country Studies


Content on this web site is provided for informational purposes only. We accept no responsibility for any loss, injury or inconvenience sustained by any person resulting from information published on this site. We encourage you to verify any critical information with the relevant authorities.

 

 

 
 


About Us | Contact Us | Terms of Use | Privacy | Links Directory
Link to allRefer | Add allRefer Search to your site

allRefer
All Rights reserved. Site best viewed in 800 x 600 resolution.