Jordan's Draft 2021 Budget Projects 2.5% Growth
Saturday, 12 05 2020, Category: Economy, Country: Jordan
Jordan's draft 2021 budget forecasts JOD9.9 billion (USD14 billion) in state expenditure and economic growth of 2.5 percent after the COVID-19 pandemic caused the worst contraction in decades, the finance minister said on Monday.
Mohamad Al Ississ told Reuters the cabinet had approved a budget that would accelerate IMF-backed reforms to help the kingdom restore fiscal prudence for a sustained recovery.
He said the budget would continue major fiscal reforms, including continuing an aggressive tax evasion campaign that has netted this year hundreds of millions of dinars for the country's strained state finances.
"Despite the unprecedented challenges, fiscal stability remains our priority," he said.
Source: Asharq Al-Awsat