AMMAN — The
Islamic Action Front (IAF) has
expressed its close attention to the
World Bank's report on the Jordanian
economy, which, in their view, highlights how successive governments have
failed in
improving the country's economy, resulting in deepening economic
crisis and decline.
اضافة اعلان
According to the report, Jordan's income
classification has been downgraded from medium-high income to medium-low
income. This classification is determined by dividing the
Gross Domestic Product by the population, and the downgrade signifies that Jordanian citizens
have become poorer due to slower production growth compared to population
growth, JO24 reported.
Poor individuals account for 35 percent of
the population
The report also reveals that the number of
poor individuals in Jordan has reached approximately 3.98 million, which
accounts for around 35 percent of the population. This calculation is based on
the national poverty line of JD5.5 per day per individual in Jordan.
The IAF believes that this downgrade
reflects the current economic slump and the failure of the Jordanian economy to
generate
employment opportunities. They attribute this situation to misguided
policies, contractionary fiscal measures such as interest rate hikes,
bureaucratic hurdles, corruption, and the government's focus on revenue
collection through increased taxation. These factors have resulted in reduced
demand for goods and services, leading to decreased production, job losses, and
ultimately an economic recession.
The party cautions against the dangers of
persisting with the current approach of managing state affairs and temporarily
mitigating crises without addressing their underlying causes. They question the
effectiveness of the
Economic Reform Program launched a year ago and the extent
to which its goals have been translated into tangible improvements in the
Jordanian economy.
The IAF hopes that by understanding these
mistakes, the nation can find solutions to alleviate the ongoing crises that
burden both the country and its citizens.
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