During the first nine months of this year, the inflation rate in Jordan, calculated as an average of consumer prices, stood at 3.11 per cent. It is expected to decline further to around 3 per cent before the end of this year.

The debt management section of the draft budget for 2015 revealed that the Treasury will borrow externally in US dollars the equivalent of JD1,624 million during the year, and will repay at the same time the equivalent of JD1,382.6 million. Thus, the net borrowing from foreign s

Government budget deficit is rising year after year; it is expected to top JD1 billion this year. Another JD1 billion is to be added to this amount, the cost of subsidising electricity and water, which is not recognised by the budget as part of the current expenditure on the ass

The budget performance in the first eight months of this year gave mixed reading. Domestic revenues, for instance, rose by 16.2 per cent over the same period of last year. This is, of course, good news, even though this excellent growth percentage may drop if the non-recurring

Jordanian economists and activists are outspoken in suggesting objectives that the Jordanian economy should achieve in 10 years, till 2025, within the framework of the 10-year vision for the economy now under consideration. Setting ambitious objectives is of course easy.

During the first seven months of the year, the budget deficit, after foreign grants, reached JD461.5 million. However, public debt, net of deposits, rose at the same time by JD1,174 million. The question is why should debt rise more than the budget deficit? Where did the diffe

A world-wide public opinion poll was recently conducted by Pew Research Centre, covering the populations of 44 countries, asked the question: “Do you believe that the situation of the economy in your country is bad and going in the wrong direction?” Those who sa

Until 1980, the sizes of the major world economies were stable, the gross domestic product (GDP) of the United States holding the first position, Japan second, Germany third, India fourth and China fifth. Thirty years later, the picture changed dramatically: China beat India to

Diversification of energy sources is an agreed strategic objective whose achievement does not necessarily need nuclear reactors, to be built at a capital cost of around $10 billion and with a running and production cost that is not less than the estimated cost of producing electr