Data issued by the Central Bank of Jordan showed that the economic indicators achieved during the past months look positive and reflect the development witnessed by the Jordanian economy. According to the data, foreign reserves maintained their level of $ 16.7 billion and are sufficient to cover imports for 7.3 months, as well as deposits with banks, which recorded an annual increase at the end of January 2023 by 6.1 percent, or 2.4 billion dinars, to reach 42.0 billion dinars.
On the other hand, Jordan's general budget recorded a total financial deficit after external grants of 1.78 billion dinars (about 2.5 billion dollars) and 6.3 percent of GDP during the first ten months of 2022, compared to 1.28 billion dinars during the same period of 2021, according to the latest data of the Central Bank of Jordan. In the event that the external grants received by Jordan during that period, amounting to 128.5 million dinars, the general budget deficit is 1.9 billion dinars, representing 6.8 percent of GDP, compared to a total deficit of 1.857 billion dinars during the corresponding period of 2021</B116>. The Jordanian government, in accordance with its economic programs, the latest of which is the vision of economic modernization for the next ten years, is working to reduce the budget deficit through self-reliance in light of the decline in grants and foreign aid and the possibility of a significant decline in the coming years. The government estimated the fiscal deficit in the budget for 2023 at $ 2.5 billion, where large amounts of up to $ 8 billion will be borrowed to finance the fiscal deficit and cover basic and priority expenses.
Source (Al-Araby Al-Jadeed, Edited)
