December 3 2022 10:10 PM E-paper Subscribe Sign in My Account Sign out

Jordan moving forward with reforms — finance minister

Ministry of Finance
(File photo: Ameer Khalefih/Jordan News)
AMMAN — Minister of Finance Mohamad Al-Ississ said that Jordan is moving forward with structural reforms supported by the International Monetary Fund (IMF) to stimulate growth, according to AmmanNet.اضافة اعلان

Ississ added during his participation in a discussion on Monday at the Wilson Center for Scholars in Washington that the Economic Reform Program in Jordan includes deep and serious structural reforms.

He added that Jordan is on the right track to achieving its goal of an 80 percent debt-to-GDP ratio.

He pointed out that efforts made to bridge the tax gaps and expand the tax base have led to raising the government’s revenue without increasing taxes or introducing new ones.

And he indicated that Jordan has reduced customs tariffs and launched a reform plan of the electricity sector, noting that these steps aim to reduce the cost of doing business in the Kingdom and create job opportunities in the private sector.

The minister said that Jordan allocated nearly $2.1 billion from its 2022 budget for capital expenditures to boost growth and investment in infrastructure; an increase of 43 percent over the previous year, which the finance minister described as an unprecedented expansion.

Ississ urged countries to contribute more to Jordan’s refugee support.


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