The Senate on Thursday approved the draft General Budget Law for the 2026 fiscal year as received from the House of Representatives, paving the way for the issuance of a Royal Decree endorsing the law.
اضافة اعلان
Prime Minister Jaafar Hassan said that discussing the 2026 draft General Budget Law at an early stage, before the end of the current year, will enable the government to begin implementing the capital projects included in the budget as quickly as possible.
Speaking during the Senate session held on Thursday to debate the draft 2026 General Budget Law, Hassan noted that this step reflects a governmental approach aimed at improving implementation efficiency and accelerating the economic impact of projects, particularly priority ones.
He explained that “early budget discussions reflect genuine cooperation between the legislative and executive authorities, as directed by His Majesty the King, within the framework of the Constitution and in line with the national interest, which requires all of us to take the necessary measures to stimulate economic activity and development in service of our country and citizens.”
Hassan reaffirmed the government’s commitment, through the 2026 budget, to the financial and economic path it has adopted, based on fiscal discipline, growth stimulation, and protecting the most vulnerable groups and low-income households.
He stressed that the government will continue to promote economic growth and encourage investment, contributing to enhanced financial stability, support for economic activity, and the achievement of sustainable development.
The Prime Minister also noted the government’s commitment to steadily increasing economic growth rates, aiming to reach growth of up to 4% by the end of 2028, by accelerating the implementation of major projects, stimulating investment, strengthening partnerships with the private sector, and supporting productive, value-added sectors, fully recognizing the significance and importance of this commitment.
For his part, Minister of Finance Abdulhakim Al-Shibli said that the preparation of the 2026 General Budget Law came amid global political and economic developments, with rising global trade tensions and protectionist measures dominating the economic landscape, while ongoing geopolitical tensions posed a serious threat to global economic prospects.
Speaking during the same session, Al-Shibli added that these developments had negative repercussions on the economies of the region and Jordan. However, the government successfully adopted a package of economic decisions and effective measures to stimulate economic sectors and enhance financial stability. Supported by the security and political stability Jordan enjoys, these measures led to an improvement in national economic indicators.
Al-Shibli noted that real GDP recorded growth of approximately 2.7% and 2.8% in the first and second quarters of 2025, respectively—the highest levels in two years. He added that balanced monetary policy contributed to maintaining exchange rate stability of the Jordanian dinar and creating a moderate price environment that preserved purchasing power, while keeping inflation at among the lowest levels in the region. Foreign currency reserves at the Central Bank also reached record levels of about $24.6 billion.
