Oil Expenditure Up 24.7%, Commercial Deficit Up 5.2% in 5 Months

تم نشره في Sat 29 July / Jul 2017. 12:00 AM
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AMMAN —AlGhad— Compared to the first five months of 2016, government expenditures on oil in the same duration this year, 2017, has increased by 24.7 per cent, according to the figures of the Department of Statistics last week.

The oil and derivatives bill stands at JOD894.7 million by the end of May, 2017, compared to JOD717.6 million in May, 2016.

Notably, gas imports increased by 60 per cent, almost, from JOD229 million to JOD368 million.

Crude oil imports skyrocketed in value as well by nearly 70 per cent in these five months, to JOD326 million, from JOD192.1 million.

Meanwhile, diesel imports have decreased to JOD63.6 million, from JOD134.9 million, by nearly 53 per cent.

On the other hand, the commercial deficit has also increased by 5.2 per cent, to JOD3.8 billion in the first five months of the year, 2017.

Exports in value covered around 34.8 per cent of total imports for the measured duration, compared to 35.7 per cent by May, 2016.

By May, 2017, total exports stood at JOD2.07 billion, compared to JOD5.9 billion worth of imports.