Jordan

 

Jordan Adopts Austerity Measures Aimed At Narrowing Budget Deficit

The Jordanian cabinet on 19 May endorsed an austerity package that is expected to save up to JD300mn ($423mn) from the projected budget deficit, the Minister of State for Media and Communications Samih Ma'atah has announced. The austerity measures include plans to raise taxes on banks and mining companies, but are not expected to hike food or fuel and electricity prices. Earlier...