Financial and Banking News


Jordanian Deficit and Government Borrowing Up Sharply

The monthly statistical bulletin (for June 1987) of the Central Bank of Jordan, which was recently published, gives details of a sharp increase in the government's fiscal deficit and its reliance on spiralling local borrowing in 1987. The deficit for the first quarter of 1987 is JD39.3mn.3mn ($118mn), more than double the deficit for the equivalent period in 1986, when it stood at...