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Ensour defends fuel hike, says more steps needed to revive economy

By Petra - Dec 22,2012 - Last updated at Dec 22,2012

AMMAN — Prime Minister Abdullah Ensour on Saturday said economic reforms undertaken by the government were badly needed, but not enough.

During a meeting with president and members of the Amman Chamber of Commerce, Ensour added that there are some more “unavoidable” decisions need to be taken to put the economy “back on track”.

Referring to the government’s November 14 decision to lift fuel subsidies, the premier said that the majority of Jordanians showed acceptance and understanding to the latest measures.  

He indicated that 2013 budget will focus on two main points, accurate net revenues and spendings cut.

Public expenditures will be less than 2012 state budget, while revenues will be higher, which will bring down the deficit, Ensour pledged.

The prime minister noted a delegation from the International Monetary Fund (IMF) has left the Kingdom on Friday after completing their evaluation to the economic and financial reforms in Jordan. 

Ensour briefed Amman merchants on the visit of Egyptian Prime Minister Hisham Qandil to the Kingdom on Thursday during which both countries reached an agreement to resume Egyptian natural gas supply to Jordan to the agreed-upon flow of 240 million cubic feet per day. 

Resuming gas supplies to normal levels, Ensour said would help reduce electricity generation losses, estimated at JD1.7 billion this year. 

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