Middle East Economic Survey
Jordan Unveils Austerity Budget For 2010
The Jordanian cabinet on 8 December approved its budget for 2010, which seeks to rationalize its revenue and expenditure in the light of the global recession. The budget, which leans towards austerity, was issued under a temporary law following the dissolution of the Lower House of parliament on 23 November. The budget projects a 12.7% decline in total revenue to JD4,775mn ($6,733mn), an 11.3%...