Jordan budget deficit falls to $926.8m

15 Dec 2010

(MENAFN) Jordanian Ministry of Finance figures show that deficit in state budget has decreased by the end of October 2010 to $926.8 million in comparison with $1255.6 million by the end of October 2009 due to foreign assistance, reported Petra News Agency.

Figures also show that deficit was $1.333 billion before adding foreign assistance in comparison with $1.459 billion in the same period last year.

As for total revenues and foreign assistance in October 2010, it increased to $5.330 billion in comparison with $5.170 billion for October 2009.

The ministry also stated that 66.4 percent of total revenues came from taxes. While expenditures rose to $6.257 billion compared with $6.426 billion last year.

In addition, the government cut down capital expenses and spent money only on vital projects. 85 percent of expenditures covered current expenses. Public debt rose by 13.5 percent and reached $15.464 billion in comparison with $13.624 billion in October 2009. Loans from industrial countries and regional and international institutions were the main source of public external debt.

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