Budget Deficit Up 175%, Expenditure Up 25%, Revenues Up 5%

تم نشره في Thu 12 April / Apr 2018. 12:00 AM - آخر تعديل في Thu 12 April / Apr 2018. 06:19 PM
  • Ministry of Finance building in Amman - (Archives)

AMMAN —AlGhad— The overall budget deficit after aid and grants has increased by 175 per cent, at approximately JOD313 million, by the end of February 2018, compared to JOD113.9 million for the same duration in 2017, according to the Ministry of Finance’s monthly bulletin, issued yesterday, Wednesday.

Deficit before aid and grants stands at JOD378.1 million, compared to JOD137.1 million for the same duration last year.

In the meantime, public expenditure has increased by 25 per cent to some JOD1.44 billion by the end of February 2018, compared to JOD1.149 billion in February 2017.

Of the overall expenditures, JOD292 million have gone to the direct cash subsidies allocations, as opposed to the estimated JOD155 million.

Meanwhile, public revenues have increased by 5 per cent, from JOD1.011 billion by the end of February 2017, to JOD1.062 billion in February 2018.

Notably, foreign aid and grants have increased to JOD65.1 million, compared to JOD23.2 million, comparatively, for the same durations.

The Ministry speculates that the noticeable hike in deficit may be due to the cashing of nearly JOD155 million to the annual cash support system all at once.

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