VOL. XXXVI

NO. 41

12-JULY-1993

Financial and Banking News

BUDGETS AND REVENUES

Jordan Controls Budget Expenditure, But Balance Of Trade Deteriorates

Jordan's budgetary position improved markedly in 1992 as the governmentcontinued to increase its domestic revenue base. Preliminary figures from theCentral Bank of Jordan show that domestic revenues rose by 33% to JD1,100mn($1,578mn) in 1992, largely due to a 50% increase in tax dues. The biggestincrease came from customs duties, which doubled to...