Financial and Banking News
BUDGETS AND REVENUES
Draft Jordanian Budget Increases Spending
The draft Jordanian budget for 1987 unveiled last week by the FinanceMinister, Dr. Hanna 'Odeh, provides for an increase in spending from JD923.7mn($2.8bn) to JDl,018.7mn ($3bn), leaving a deficit of JD39.6mn ($114.8mn).
Expenditures are allocated to defense (JD209mn), public security (JD41mn)public administration and finance (JD364.3mn), economic development (JD262.2mn),social...