NO. 16


Financial and Banking News

Budgets & Revenues

Jordan's Draft Budget Foresees more Hard Times

The 1990 budget prepared by the Jordanian Government, which is subject toapproval by the newly-elected parliament, presents a picture of continuingausterity, with spending having been effectively cut in half in dollar termsover the past two years. The draft budget envisages a deficit of JD286.5mn($441mn), compared with JD122mn ($257mn) last year. This deficit will be...