Middle East Economic Survey


No 37



Jordans Fuel Subsidies Rise 117% In January-July 2005

Fuel subsidies in the Jordanian budget increased 117% to JD302mn ($426mn, JD1 = $1.41) in January-July 2005 from JD139mn over the same period of 2004, as a result of the surge in world oil prices, according to official statistics published by the Ministry of Finance. The budget had a deficit of JD111mn in the first seven months of 2005, compared to a surplus of JD110mn in the...