Financial and Banking News


Jordanian Budget Deficit Soars 

The draft budget for 1986 approved by the Jordanian cabinet and presented to parliament by the Finance Minister, Mr. Hannah Odeh, earlier this month envisages a much larger deficit than in the fiscal year ending 31 December 1985. Total spending is slated to increase by almost 132 over the original 1985 budget, although 1985 allocation were subsequently revised upwards (to JD880mn - $2.5bn). In addition to...