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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