VOL. XXXIX No. 62 2-December-1996JORDAN
Jordanian Cabinet Approves 1997 Draft Budget In keeping with IMF-directed market reforms, the Jordanian cabinet has approved the draft budget for 1997 projecting state expenditure at JD1,916mn ($2.7bn). This figure represents an 11% rise from 1996 readjusted figures, but aims to reduce the budget deficit excluding foreign aid (forecast at JD169mn) to JD225mn (3.9% of GDP), JD12mn lower than the 1996 readjusted figure of JD237mn (4.6% of GDP). Current...
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