Jordan aims to cut its budget deficit by about a third this year to curb the impact of soaring fuel import costs and high social spending linked to the wave of Arab uprisings.
Finance ministry sources said on Thursday the draft 2013 budget aimed to reduce the 2013 deficit to 5.4 percent of gross domestic product (GDP) from 7.9 percent last year.
Jordan suffered widespread civil unrest after the country moved in November to end fuel subsidies. Protests turned violent in impoverished rural areas where rioters for several days torched government buildings and looted scores of banks.
Jordan targets budget costs strained by Arab uprisings | News , Middle East | THE DAILY STAR
No comments:
Post a Comment