The Jordanian House of Representatives approved the two draft laws on the general budget and government units for the fiscal year 2022, with the total estimated expenditures in the current year’s budget at 10.6 billion dinars (14.9 billion dollars), the expected public revenues are 8.9 billion dinars ($12.5 billion), of which 68 percent are tax, 10 percent are foreign grants, and 22 percent are non-tax revenues, with a deficit of 1.7 billion dinars (equivalent to $2.4 billion).
According to the budget, the growth rate is expected to reach 2.7 percent by the end of this year, and inflation is 2.5 percent. The total public debt is also expected to reach 38.8 billion dinars ($54.7 billion), or 114.7% of GDP, with a margin to decrease to 30.8 billion dinars ($43.4 billion), or 91 percent of GDP when excluding the debt of the Public Institution for Social Security.
In this context, Finance Minister Muhammad Al-Assiss, in his response to the deputies, stressed that "the government is aware of the economic pain and financial difficulties experienced by the citizen, noting that the government is also aware of the frustration that threatens our job-seeking youth."
Source (Al-Araby Al-Jadeed Newspaper, Edited)
