The Jordanian government approved the Kingdom's draft budget for next year 2024 with an expected deficit of 812 million dinars ($ 1.143 billion), compared to a deficit of 1.862 billion dinars ($ 2.625 billion) last year. According to Finance Minister Mohammed al-Asas, total public expenditures in 2024 are 12.37 billion dinars ($17.42 billion), compared to 11.4 billion dinars ($16 billion) in 2023. While the expected value of public revenues according to the new draft budget is about 10.3 billion dinars ($ 14.507 billion), an increase of 8.9 percent from 2023.
Minister Al-Isis explained that the draft budget for 2024 succeeded in reducing the primary deficit for the fourth year in a row, and the government will be able to reduce the primary deficit to reach 812 million dinars ($ 1.143 billion) by 2.1 percent of GDP compared to 2.6 percent in 2023. He expected the national economy to record real growth in 2024 by about 2.6 percent, unchanged from the expectations of this year issued by the International Monetary Fund.
Source (Anadolu Agency, Edited)
