Foreign Aid to Jordan Drops 61.1%

تم نشره في Mon 12 June / Jun 2017. 12:00 AM
  • Ministry of Finance Amman - (Archives)

AMMAN —AlGhad— Foreign aid to Jordan, during the first quarter of the current year, Q1-2017, has dropped by 61.1 per cent, compared to Q1-2016, from JOD130 million to JOD50 million by the end of March.

Meanwhile, the 2017 Budget Bill assumed the Treasury will be receiving a total of JOD777 million throughout year, down 7 per cent from last year’s JOD836 million.

However, the first quarterly financial bulletin, by the Ministry of Finance, shows that spending in the first three months stood at JOD1.755 billion, compared to JOD1.767 billion in Q1-2016.

Tax revenues, on the other hand, have increased in the same duration to JOD706 million, compared to JOD689 million in Q1-2016.

Non-tax revenues as well have increased in Q1-2017 to JOD494 million, up from Q1-2016’s JOD420 million.

As a result, deficits over the first three months of the year dropped to JOD242 million, compared to JOD305 million last year.

Notably, total deficit for the current year is estimated at JOD700 million after grants and aid, which were estimated at JOD777 million earlier this year.