Middle East Economic Survey
Jordans Budget Deficit Falls To $156Mn Despite Oil Subsidies Hike
Jordans budget deficit for the calendar year to November 2004 has fallen to JD110.6mn ($156mn) from JD161mn ($227mn), despite a sharp hike in oil subsidies, according to the latest issue of the Government Finance Bulletin. Oil subsidies increased from JD85.1mn ($120mn) in 2003 to JD230.7mn ($325mn) in 2004 due to the sharp rise in international oil prices during the...
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