Middle East Economic Survey

VOL. LIV

No 52

26-Dec-2011

Jordan

Jordan Announces Austerity Draft Budget For 2012

The Jordanian government has unveiled an austerity draft budget for 2012 which aims to reduce unproductive expenditure and the squandering of resources. Presenting the budget to the lower house of parliament on 11 December, the Minister of Finance Umayya Tuqan said that the new budget should be seen against a backdrop of the recession in the world economy and the political...