Minister of Finance, Dr. Abdulhakim Al-Shibli, stated that the financial results for the first quarter (Q1) of the current year were positive despite regional repercussions. Domestic revenues increased by approximately JD 34 million compared to Q1 2025.
اضافة اعلان
In press statements on Sunday, Al-Shibli added that current expenditures were executed according to the Budget Law. He highlighted a significant positive indicator: capital expenditures rose by 31% by the end of March, reaching JD 215 million compared to JD 164 million during the same period last year. This increase is attributed to the early approval and enforcement of the Budget Law at the start of the fiscal year.
Financial Stability and Strategic Reserves
The Minister assured that the public finance position is sound and has not been disrupted by the ongoing war. He noted that the government has implemented measures to support citizens, ensuring the availability of all essential commodities, including wheat and petroleum products.
Regarding fuel prices, Al-Shibli explained that the government decided to absorb global price hikes by implementing gradual increases over several months. For instance, while global prices dictated a 24-piaster hike for gasoline, the government only applied a 9-piaster increase to alleviate the burden on citizens.
Economic Indicators and Growth
Dr. Al-Shibli reaffirmed the resilience of Jordan's economy, noting that Q4 2025 saw exceptional growth of 3%—a level not achieved in a long time. Other key indicators include:
Foreign Direct Investment (FDI): Increased by 25%, reaching approximately $2.024 billion.
Inflation: Maintained at levels below 2%.
Austerity Measures and Energy Costs
The Minister revealed that the Prime Minister held meetings to discuss the impact of the war on public finances and energy. Consequently, several austerity measures were adopted to control spending, including:
Reducing official travel.
Suspending the use of government vehicles.
On the energy front, Al-Shibli noted that the interruption of gas supplies during March cost the Treasury approximately JD 80 million. However, with the resumption of pumping, conditions have returned to normal. He emphasized that there are currently no factors necessitating an increase in electricity prices for citizens.
Relations with the IMF
The Minister confirmed that the government has commenced the fifth review with the International Monetary Fund (IMF). He stressed that the IMF program is a Jordanian-led initiative aimed at maintaining the fiscal path and protecting financial stability in the coming phase.
