19-Nov-2019

Alghad - Prime Minister Dr. Omar Razzaz revealed that a third and fourth executive package for the economic program to stimulate the national economy will be launched in the coming weeks, after it announced yesterday the second package entitled (administrative reform).

In his speech at the beginning of the program of work of the launch of the second package, Al-Razzaz pointed out that the first stimulus package related to stimulating the economy and stimulating investment resulted in an increase in the real estate sector within a short period of implementation, reaching 93% compared to the same period last year (from 1760). 3398) Real estate buying and selling movement.

Al-Razzaz pointed out that this experiment was evaluated and the feedback from the concerned parties in the sector is talking about the difficulty of financing for the emerging families. We contacted the governor of the Central Bank and agreed that there will be a guarantee for loans.

In the second executive package of the government's economic program, the Jordan Loan Guarantee Company will allocate 100 million dinars to banks so that families wishing to obtain housing will achieve their goal, thereby reducing the interest rates on citizens and reducing the risk of Banks.

Al-Razzaz stressed that the government will not give up until all the problems are solved successively to restore the sector to health and reflected positively on the Jordanians, a sector that was preoccupying Jordanians of our youth and young women. The Prime Minister explained that the government has found challenges related to mobility among young people who get jobs and work, saying that a sustainable solution is public transport and the creation of optimal means of movement, pointing to a clear plan in this regard soon.

He pointed to the dilemma facing young people in buying a car at reasonable costs to enable him to get to work, and said: Therefore, we have reconsidered taxes and fees associated with electric cars and sought to stimulate the commercial sector. "We have a surplus of electricity produced by the Kingdom from generating companies. Instead of storing it, we will employ it to use electric cars and to be progressive in fees and taxes," he said. Al-Razzaz pointed out that the tourism file is a successful success and is reflected in the employment of young people.

He pointed out that the government measures taken are to lift restrictions and deal with applicants to enter the Kingdom according to his movement and movement, pointing out that it has become easy for all nationalities to obtain (visa directly), whether electronic or from the airport if the visitor (visa) or residence US, British or European (Schengen) or from the Gulf States.

He pointed out that those who obtained residency in these countries or visa, a security survey has been included, in addition to that many of them come to the Kingdom for the purpose of tourism or treatment, praising the advanced level of treatment in Jordan. Later, Interior Minister Salama Hammad announced the lifting of restrictions on the citizens of China and India. Razzaz revealed in the framework of administrative development and improvement of public administration, that the government will work before the end of this year to cancel and merge eight institutions, adding that there is a clear plan for public transport, and we have reconsidered taxes and fees on electric vehicles while ensuring their escalation.

He stressed that all government tenders will be put under the unified purchase item for all institutions and departments through a website with the same mechanism and with complete transparency. He continued: We have an upcoming package that will directly contribute to support our economy and improve the standard of living of Jordanian families and employment of our young men and women, and this package is only one step on the road.

Al-Razzaz revealed the annexation of the Jordanian Hijazi Railway to the Ministry of Transport, the transfer of the functions of the Provincial Development Fund to the Cities and Villages Development Bank, the inclusion of the Meteorological Department to the Ministry of Transport as a directorate, the termination of the work of the Jordan Company for Tourism and Mineral Water To terminate the activities of the Real Estate Establishment Company and to entrust the entity deemed appropriate by the Government Investment Management Company to carry out its functions.

Also included the Water Authority and the transfer of its functions to the Ministry of Water, and the abolition of the Securities Depository Center and the transfer of its functions to the Securities Commission and the Amman Stock Exchange, and the Department of Development of Endowment Funds to become a directorate in the Ministry of Awqaf and Islamic Affairs and Holy Sites, and included a number of other departments of the Ministry as affiliated directorates A number of funds belonging to the Ministry.

President Razzaz revealed that it was also decided to merge all the transport sector regulators into one body (the Land Transport Regulatory Commission, the Jordanian Maritime Authority and the Civil Aviation Regulatory Commission), and to merge all the energy sector regulators into one body (the Energy Regulatory Authority and the Atomic Energy Commission of Jordan).

A general framework for independent government agencies and institutions, including consideration of minimum commissioners, administrative and logistical costs, consideration of organizational and operational functions of the bodies, and minimization of the number of commissioners in the remaining. It represents, and only general manager only, and thus adjust the privileges provided to the commissioners.

Razzaz also revealed that the government sent 75 projects to the House of Representatives. For his part, Minister of Finance Mohammed Al-Assas said that it was decided to reduce the special tax on electric cars with a capacity of less than 250 to 10%; to 15% for cars with a capacity of more than 250 and to cancel the weight tax imposed on cars, and replaced by a tax of 4% of The value of the car.

Assas stressed that the abolition of the weight tax will reduce the financial burden caused by the tax, in addition to that it will differentiate between the luxury car and the car used by the general public and the poor and middle classes, so that the burden is linked to the value of the car. The government decided to reduce the special tax on electric cars from 25% to 10%; for cars with a capacity of 250 kW or less, and to 15% for cars with a capacity of 251 or more”.

Al-Assas considered that electric cars for Jordan are a "strategic choice". "We can make great strides in the electricity file and in the fact that the cars are environmentally friendly and cost less, which is ultimately mobile batteries," he said. Al-Assas explained that these decisions were taken after talks with the investors of the free zones, the car dealers association and the tax and customs departments.

He added that this will give the wheel and a real impetus to trade in the car market, hoping that everyone will see its impact. He stressed that all parties in the talks sought to one goal; that the market return to its vitality and that the citizen feel increased traffic and increase profit and income, in addition to increasing government income so that it can provide the necessary services and upgrading; education, health and transport. 0 %.

Al-Assas pointed out that the third decision on this issue was about the percentage of consumption, explaining that it changed in 2017, where it was in the previous year for the first year 15% and the second year 10% and the third 5% and the fourth 3% and the fifth 2%, and changed for the first year 7% and the second 4% The third is 2%, then 1% and ultimately 0%. He added that the rates of consumption accounting, and approaching global; a major demand for this sector.

Regarding the measures taken by the government to the real estate sector, including exemption of the first 150 meters, Al-Assas said that it includes citizens with either middle or low income or modern families who are looking for a roof with less space.