VOL. XXXVI

NO. 10

7-DECEMBER-1992

Financial and Banking News

BUDGETS AND REVENUES

Jordanian Cabinet Approves Draft Budget for 1993

The Jordanian cabinet is proposing a budget for 1993 which will cut thedeficit in half by containing increases in spending. The draft budget, whichwill be discussed by the parliament and may be amended, was approved by theCabinet on 28 November. It projects spending at JD1,327mn ($1,964mn), comparedto JD1,282mn in 1992. Income is estimated at JD1,280mn ($1,895mn), up...