The data issued by the Central Bank of Jordan showed that the foreign exchange reserves increased by 6.3 percent on an annual basis, during the first quarter of this year, recording $15.48 billion. In contrast to the year-on-year increase, the reserve recorded a decline on a quarterly basis by 2.7 percent, as it had reached at the end of last December 15.91 billion dollars.
Expenditures in the current year budget are estimated at 9.93 billion dinars (14 billion dollars), and revenues are 7.8 billion dinars, while the government estimates the expected deficit of 2.05 billion dinars, after foreign grants.
On the other hand, the Jordanian Minister of Energy and Mineral Resources, Hala Zawati, revealed that the ministry has identified 12 ores of minerals for investment, within the framework of the policy of exploiting raw materials that are used in large and sophisticated industrial fields. Indicating that the ministry is working to enhance the added value of the extractive and transformational mining sector, which achieved in 2019 revenues of about 2.43 billion dinars (3.4 billion dollars), which constituted 7.7 percent of the GDP, while the value of the sector's exports amounted to about 945 million dinars, or 19 percent of the Kingdom's total exports.
Source (Al-Araby Al-Jadeed Newspaper, Edited)
