Director
General of the Income Tax Department, Dr. Hussam Abu Ali, delivered a lecture
titled "Public Financial Policies and Public Financial Management" at
the Royal Jordanian National Defense College. The lecture was attended by the
scholars in the 22nd National Defense Course and the 8th Master's Program in
Strategies for Countering Extremism and Terrorism. The lecture was attended by
the commander, chief, and members of the directing staff.
The
Director General of the Income Tax Authority said: "Financal policy is the
methodology adopted by the government to manage its financial resources in
terms of revenues, public expenditures, funding sources, and the efficient use
of its assets through tools such as public revenues, public expenditures, and
funding sources.
He
explained that financial and structural reform aims to improve economic growth
rates and gradually reduce the deficit in order to reduce the public
debt-to-GDP ratio, enhance a competitive business environment, deepen and
strengthen the financial sector, encourage increased labor force participation
and employment, especially for youth and women, maintain appropriate social
spending, and promote good governance. He also emphasized improving public
revenues by raising the efficiency of collection and auditing without
increasing the tax burden on citizens. He also emphasized raising the
efficiency of government spending and financial discipline, improving the
efficiency of oversight of public funds and public assets, and enhancing transparency
and disclosure.
He
pointed out that public financial challenges in Jordan emerged as a result of
the crises that occurred in the region and the resulting increase in the number
of refugees arriving in the Kingdom and the decrease in grants and aid
provided, which led to a decline in the economic growth rate, a rise in the
general budget deficit, and a rise in public debt.
In
conclusion, The lecture was followed by an extensive discussion during which
the lecturer answered the scholars’ questions and inquiries.