VOL. XLV

No 8

25-February-2002

JORDAN

Jordan Passes $3.2Bn Budget For2002 Raising Spending By 1%

Jordans year 2002 budget, approvedby the government on January 13, forecasts only a 0.99% increase in totalexpenditures to JD2,280mn ($3,214mn) and a 0.38% increase in total revenues toJD2,087mn ($2,942mn) revealing a relatively austere approach to fiscal policyfor the country and only a minimal 3.45% rise in the deficit to JD435mn ($613mn see Table below). While current expenditures rose by 3.8%,...