FINANCIAL NEWS

Jordan raises salaries, boosts subsidies

22 Jan 2011

(MENAFN) The Jordanian Prime Minister stated that government subsidies would be boosted and that government employees would receive an increase in salaries by $28 each in response to protests all around the Kingdom and promises of more protests against hikes in prices, reported Arab News.

The government had previously announced that subsidies cost around $125 million and would include items such as fuel, sugar and rice.

The PM said that additional subsidies in 2011 have the cost of $425 million and includes the raise for civil servants and an increase in pensions for retired military and civilian personnel starting from the beginning of the current year.

The PM added that increasing prices in Jordan were due to a global increase in prices, not a governmental decision.

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