VOL. XLI

No. 51

21-December-1998

JORDAN

Jordanian Cabinet Approves Draft 1999 Budget

The Jordanian Minister of Finance, Mr. Michel Marto, announced on 5December that the Cabinet had approved the draft law for the 1999 budget, which projectsan increase of 8.7% in state expenditure to JD2,160mn ($3,033mn) over the budget for 1998(see table). According to the figures published in the Official Gazette, totalrevenue in 1998 is estimated at JD1,925mn ($2,704mn), down 1.3% on the previous year,...