Financial and Banking News
Jordanian Budget Aims For Minimal Deficit
The Jordanian budget for 1995, which was approved by the country's Parliamenton 26 December, foresees a deficit of only JD50mn ($71mn), the smallest inrecent memory. However, this figure is subject to some qualification, since therevenue projections assume inflows of JD165mn ($234mn) from foreign grants,which would normally be considered part of deficit financing. Nevertheless, it...