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Asharq Al-Awsat
Asharq Al-Awsat
Business
Asharq Al-Awsat

Jordan’s Draft 2023 Budget Forecasts Lower Deficit, Steady Economic Growth

A view of the Jordanian capital Amman during a coronavirus lockdown on February 26, 2021. (AFP)

Finance Minister Mohamad Al Ississ said on Wednesday that Jordan's draft 2023 budget forecasts 11.4 billion dinars ($16 billion) in state expenditure as the economy's recovery gathers pace. 

Al Ississ said in a statement the budget deficit was expected to fall to 2.9% of GDP next year from 3.4% this year with improved state revenues as the country's IMF-backed reforms yield results in enhanced fiscal consolidation. 

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