The Jordanian House of Representatives began discussing the draft general budget law for the fiscal year 2023 after the parliamentary finance committee approved the draft budget law as it came from the government.
Jordan is facing significant financial difficulties, which have led to declining living standards, rising prices, and increasing unemployment.
Nimr al-Sulaihat, chairman of the Finance Committee in the Jordanian parliament, explained that "the committee was unable during its discussion of the project to reduce expenditures," calling on the government to increase the salaries of civilian, military and retired employees to face the successive price rises.
Jordan's budget for the current year is 11.4 billion dinars (about 16 billion dollars), and the inflation rate is expected to reach 3.8 percent, the real growth rate is 2.7 percent, and the budget deficit after grants is about 1.862 billion dinars (2.625 billion dollars).
Total public debt during the first nine months of last year increased by 7.5 percent compared to its level at the end of 2020 from 2.6 billion dinars to 38.44 billion ($54.2 billion).
Source (Al-Araby Al-Jadeed, Edited)
