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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.
Prime Minister Abdullah Ensour on Saturday said if the government had not lifted fuel subsidies at the right time, the alternative would have a worse impact on the Jordanian economy.
Jordan’s financial situation has started to get back on track, Prime Minister Fayez Tarawneh said on Saturday.
The 2013 state budget will not feature any foreign grants that are not certain, Ministry of Finance’s General Budget Department Director General Ismail Zaghloul said on Thursday.
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