Jordanian Cabinet Approves 1998 Draft Budget
The Jordanian Government last month approved the draft budget for 1998 projecting anincrease of 7.6% in state expenditure to JD1,987mn ($2,795mn) over the revised budget for1997. Total revenue in 1998 is estimated at JD1,950mn ($2,743mn), up 5.7% on the previousyear, consisting of JD1,704mn ($2,397mn) in local revenue and JD246mn ($346mn) in expectedaid flows. The resulting deficit (after the aid flows) is...
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