AMMAN – On Thursday, Prime
Minister Bisher Al-Khasawneh affirmed that the government is working to mitigate
the ongoing inflationary effects stemming from the
COVID-19 pandemic and the
Russian-Ukrainian war, which have impacted supply chains, Al-Ghad reported.
اضافة اعلان
During a meeting with the
Senate's Financial and Economic Committee to discuss and approve the general
state budget 2024,
Khasawneh stated that Jordan has consistently maintained the
lowest inflation rates in recent years compared to all non-oil-producing
countries in the region.
“Our situation in Jordan is
secure and stable, and positive impressions empower us to enhance the
investment environment, continue modernization, achieve growth, and maintain
positive economic performance,” Khasawneh stated. The country’s credit rating remains
intact with international rating agencies.
He highlighted that the
government has approved a budget for the fourth consecutive year without
introducing new taxes or fees.
Khasawneh also affirmed that Jordan
possesses an unprecedented strategic foreign reserve amounting to $18 billion,
thanks to the practical policies of the
Central Bank of Jordan (CBJ).
He expressed pride in the
positive performance of the national economy despite challenges and
difficulties. Local revenues cover 90 percent of the current expenditures in
the 2024 budget project. The indicators are very positive in terms of
self-reliance. Khasawneh clarified that Jordan achieved positive economic
growth, reaching 2.7 percent during the first three quarters of 2023, despite
the events and repercussions of the Israeli war on Gaza.
He highlighted the government’s
implementation of executive programs to transform the
Economic Modernization Vision (EMV) into positive economic growth rates. These efforts aim to create
one million job opportunities over the next 10 years. Khasawneh emphasized that
the EMV is persistently working toward achieving its political, economic, and
administrative targets.
Jordan achieved exceptional
success in seven reviews with the International Monetary Fund (IMF). Recently,
the country secured a new program worth JD1.2 billion that will extend until
2028. Jordanians designed and executed this program entirely, earning praise
from the World Bank and donor agencies.
The government has launched an
electronic system for monitoring performance in the EMV and the public sector
update. Any citizen can transparently access and follow this system.
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