[/SiteCollectionDocuments/Images/arrow.jpg] 8 Billion Pound Income tax revenues, of 14 billion for sales tax and 3.7 billion for Customs.

[/SiteCollectionDocuments/Images/arrow.jpg] 65 billion pou...

[/SiteCollectionDocuments/Images/arrow.jpg] 8 Billion Pound Income tax revenues, of 14 billion for sales tax and 3.7 billion for Customs.   [/SiteCollectionDocuments/Images/arrow.jpg] 65 billion pounds of public expenditure, including 18 billion for wages and 11 billion for the subsidy bill.   The latest report of the Ministry of Finance on the performance of the local economy during the first quarter of the current fiscal year 2008/2009 assured a rise in the total revenues and grants by 43.9% over the same period of the previous fiscal year to record 42.7 billion pound represents 4.2% from the GDP Where the non-tax revenues rose by 50% to reach 16.1 billion pounds also Tax revenue rose by 40.5% to record 26.6 billion pounds As a result of the  increase of income tax at 35% to record 8.1 billion pounds Driven by higher tax collection on companies with     rate of 36% to reach 5.6 billion pounds, which points to a rise in companies profitability and improvement of its revenues.   The Report points to the increase of the revenues collected from the sales tax by 52% and from customs by 28.4% to record 14.2 billion pound and 3.7 billion pound.   In addition, the grants revenues value during the period from July to September in 2008/2009 to record 2.7 billion pounds compared to 500 million pounds in the same period last year doubled to more than 5 times. Also the other general revenues increased by 31.6% to reach 13.4 billion pound during the first quarter of the current fiscal year compared to 10.2 billion pound during the same period last year.   For the public expenditure in the first quarter of the current year, the reports shows the increase of the total expenses by 39.2% to record 65 billion pound represents 6.5% of the GDP compared to 76.8 billon pound during the same period of the previous year represents 5.2% of the GDP.   The wages and workers compensation by 15.5% to 18.2 billion pounds, the interests paid on loans increased by 11.3% to record 12.1 billion pounds. In addition, the spending on public investment increased by about 49% to record 5.7 billion pounds.   (Source: Ministry of Finance)