FINANCIAL NEWS

Jordan reports 54% drop in foreign aid last year

27 Feb 2010

(MENAFN) The Jordanian Ministry of Finance showed that foreign aid to the kingdom dropped 54 percent in 2009 and stood at $470.9 million, compared to $1 billion in 2008, Petra news agency reported.

The ministry pointed out that total incoming foreign aid decreased by 11.1 percent last year, coming to $6.393 billion in comparison to $7.194 billion in 2008.

Jordan’s budget had a financial deficit of $2.5 billion excluding foreign aid, and $2 billion after factoring in the aid, the ministry added.

The kingdom’s debts – both internal and external – had increased by 13 percent by the end of 2009, reaching $13.645 billion, compared with $12 billion at the end of 2008.

More News

This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more