The Jordanian House of Representatives approved the draft general budget law for the current fiscal year 2023, where the draft law received the support of 86 deputies out of 107 deputies who attended the session out of the total number of 130 deputies. The Council also voted to approve the recommendations of the Parliamentary Finance Committee related to the budget, as Jordan's budget for the current year is 11.4 billion dinars (about 16 billion dollars).
Inflation is expected to be 3.8 percent, real growth is 2.7 percent, and the budget deficit after grants is about 1.862 billion dinars ($2.625 billion). Total public debt during the first nine months of last year increased by 7.5 percent compared to its level at the end of 2020 from 2.6 billion dinars to 38.44 billion dollars ($ 54.2 billion).
The Minister of Finance, Dr. Mohammed Al-Issis, explained that "despite the challenges and difficulties, our national economy will record positive growth rates of at least 2.7 percent, and will maintain inflation levels of 4 percent," stressing "the government's keenness to implement as much as possible of the parliamentary demands, without compromising financial stability and lifting the tax burden on the citizen."
Source (Al-Araby Al-Jadeed, Edited)
