Jordan posts budget surplus in Q1

15 May 2010

Jordanian finance minister, Mohammad Abu Hammour has said the kingdom's state budget had seen a surplus of JD18m in the first quarter of this year, compared with a JD150m deficit for the same period last year, Jordan Times has reported. The surplus was due to spending control measures taken by the government, such as stopping new appointments, suspending non-essential projects, and halting other operational expenditures, the minister said. The government is aiming at a three-year plan to reduce the deficit by 1% every year to reach 3% of the GDP by the end of 2013.

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