AMMAN — The government has allocated JD40 million
from the 2023 general budget draft law to the Industry Support and Development
Fund, as part of the government’s economic priorities program 2021–2023,
according to Al-Mamlaka TV.
اضافة اعلان
The amount allocated represents the largest share of capital
projects allocated to the Ministry of Industry, Trade, and Supply, amounting to
JD43.8 million as new expenditure, with JD2.2 million as expenditure for
projects under implementation.
According to the Prime Ministry, the Industry Support and
Development Fund was approved by the government with the aim of alleviating the
burden of production and other costs on the national industry, to help enhance
its competitiveness and thus enter new markets.
It also aims to diversify sources of national income, create
jobs, alleviate poverty and unemployment in the Kingdom, increase exports and
sales, and provide additional jobs, in addition to contributing to increasing
the GDP growth rates, and maximizing the national economy benefits by giving
Jordanian products a competitive advantage in domestic and global markets.
Among the ministry’s projects included in the draft budget
law: preparing and implementing the National Export Strategy with allocations
of JD2.2 million, building a database for various manufacturing sectors and
developing strategies for them amounting to JD300,000.
The draft budget also allocated JD100,000 to develop
e-commerce, JD30,000 to establish a price database for goods and services
(price monitor), and JD180,000 for a project to prepare a national strategy and
roadmap to promote the engineering industries sector locally and
internationally.
It also allocated JD100,000 for a project to prepare
detailed feasibility studies to encourage engineering products of fast-growing
categories, and JD60,000 to establish a center for research, development and
innovation that focuses on solutions for engineering products with great
potential, value chains and commercial exploitation opportunities, while
JD220,000 was allocated for a project to spread and encourage the use of
technologies.
The draft budget for next year allocated JD160,000 to
increase the interconnection of the engineering industries and other sectors to
enhance competitiveness, and JD230,000 for a project to integrate vocational
skills within school and industrial training programs, and create an enabling
environment, in addition to JD10,000 for general maintenance of the Ghor
Al-Safi Feed Center in Karak Governorate
The draft law shows that the ministry’s total capital and
current expenditures next year amount to JD56.9 million; JD10.6 million are
current expenditures.
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