FINANCIAL NEWS

Jordan’s budget deficit narrows 30%

01 Aug 2010

(MENAFN) Jordanian Finance Minister said that the Kingdom’s budget deficit dropped by over 30 percent during the first half of the current year compared to the same period in 2009, Petra reported

The minister added that the government will continue with the austerity measures adopted in its action plan in order to address the unprecedented $2.11 billion deficit.

The government decided to reduce the government inventory of cars by 25 percent, the minister said in a statement last month.

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