MPs Present Report on Budget Bill, Assess Annual Bread Subsidy per Capita at JOD14.4

تم نشره في Tue 26 December / Dec 2017. 01:00 AM
  • The Jordanian House of Representatives in session - (Archives)

AMMAN —AlGhad— The House of Representatives Committee on Financial Affairs assessed direct cash subsidies for bread per capita at JOD14.4, payable to some five million Jordanians annually, while slightly contracting the deficit to JOD513.3 million, by cutting costs and reallocating funds in their presentation today, Tuesday, on the government’s 2018 Budget Bill.

Overall, the Committee allocated JOD75.6 million to the direct cash support programme, to compensate for the de-subsidisation of bread.

On the other hand, the Committee recommended shrinking current expense allocations to previous liabilities by JOD20 million.

The recommendations also include redirecting JOD10 million of the Agrarian Countryside Development Fund to covering the deficit.

Meanwhile, to compensate Jordanians for the de-subsidisation of consumer commodity, the Committee allocated an additional, annual amount of JOD7.68 per capita. Payable to some 5.25 million Jordanians.

Moreover, the MP Committee made changes to the eligibility criteria for the direct cash support, including “asset-worth”.

In the government’s Budget bill, the criteria for eligibility excluded any household with two vehicles and real estate worth JOD250 thousand.

Additionally, the Committee suggested raising the number of Employment and Vocational Training beneficiaries to 15,000, which could lower unemployment by 5.3 per cent.

The MPs also set a condition that the government maintains the JOD171 million allocation to fund the support programme.