National Deficit Up 482% in 15 years

تم نشره في Tue 17 January / Jan 2017. 01:00 AM
  • Central Bank of Jordan (CBJ) Quarters, Amman - (Archives)

AMMAN —AlGhad— Total expenditures over the last 15 years have gone up 3 folds since 2001, from JOD2.123 billion to JOD8.496 billion in 2016, the Central Bank report shows; with current spendings up 317 per cent and Jordan’s Budget Deficit at 482 per cent the 2001 levels.

Capital expenditure on the other hand has grown by 225% to JOD1.311 billion in 2016, compared to JOD403 million in 2001, with the Kingdom’s demographic up almost 93 per cent over the same duration, from 4.9 million to 9.5 million residents, 6.5 million of whom are Jordanian.

Accordingly, public revenues have grown from JOD1.96 billion in 2001 to JOD7.58 billion, in 2016, by approximately 286 per cent.