Jordan Reduces Fuel Subsidy in 1985 Budget and Raises Energy Prices

 As part of a national energy program, Jordan has reduced its fuel subsidy in the 1985 budget and has raised the retail prices of fuels and electricity with effect from 13 December.

In announcing the 1985 budget, Jordan's Minister of Finance, Mr. Hanna 'Awdah, said that the fuel subsidy in the 1985 budget has been cut by about 30% to JD1Omn ($25.4mn). Total revenues in the 1985 budget are estimated at...