Director General of the Income Tax Department, Dr. Hussam Abu Ali, delivered a lecture titled "Public Financial Policies and Public Financial Manageme

9/24/2024

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.