Financial and Banking News
BUDGETS AND REVENUES
Jordanian Budget Deficit Set to Grow
The budget for the financial year 1988 which was approved by Jordan'sparliament in mid-December incorporated a deficit of JD66.9mn ($200mn), comparedwith a forecast deficit of JD39.6mn in 1987. The 1988 deficit is related to a6.6% forecast growth in public spending (the 1987 budget originally allowed foronly 1.6% growth in spending), which in turn is related to the heavy burden of...