Arab Today, arab today jordan plots economic reform in 2013 with imf support
Last Updated : GMT 22:44:04
Arab Today, arab today
Arab Today, arab today

Government planning to raise electricity and water tariffs

Jordan plots economic reform in 2013 with IMF support

Arab Today, arab today

Arab Today, arab today Jordan plots economic reform in 2013 with IMF support

Finance minister Suleiman Hafez has disclosed the IMF arrangement
Amman - Osama Al Rantissi

Finance minister Suleiman Hafez has disclosed the IMF arrangement Jordanian Minister of Finance Suleiman Hafez is estimating that the budget deficit in 2013 will be around 5.5 percent of GDP, 1.3 billion dinars after grants, and 2.2 billion dinars before grants .
Hafez revealed that Jordan has turned to the International Monetary Fund (IMF) and the World Bank, to build a national economic reform programme and facilitate access to international funding.
Speaking in a press conference on Thursday, he said that the reform programme aims to help the national electricity company to cover the cost, in addition to removing subsidies on fuel, the adoption of the principle of progressive taxation, and the fight against tax evasion.
According to the agreement with the IMF, signed on May 27, removing subsidies on fuel will lower the subsidy bill to GDP by 0.7 percent in 2013, and the mechanism of monthly pricing will start from the beginning of 2013.
The agreement outlines that in the short-term, increasing the electricity tariff will be the only way to cover the losses of the national electricity company. This requires doubling the current average tariff, as the government intends to move gradually, to consider households with the lowest income.
The agreement considers the Water Authority as a major cause for concern in the budget of autonomous units, whose deficit must be reduced to two percent of GDP. This requires an increase in water tariffs in cooperation between the government and the World Bank.
The agreement estimates that total public revenue in the budget next year will reach 6.185 billion dinars, including 921 million dinars consisting of external grants.
It also anticipates that the total amount of public expenditure will be 7.5 billion dinars, of which 6.278 billion dinars are current expenditures and 1.22 billion dinars capital expenditure, thus fiscal deficit in next year\'s budget is 1.316 billion dinars.
The agreement estimates the total losses of the national electricity company during 2013 at about 900 million dinars, while the public debt is expected to jump to 19.9 billion dinars.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today jordan plots economic reform in 2013 with imf support Arab Today, arab today jordan plots economic reform in 2013 with imf support

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today jordan plots economic reform in 2013 with imf support Arab Today, arab today jordan plots economic reform in 2013 with imf support

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today unveils Joon - the 'millenials' airline

GMT 13:36 2017 Saturday ,23 September

unveils Joon - the 'millenials' airline
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Iran tests new medium-range missile

GMT 21:24 2017 Saturday ,23 September

Iran tests new medium-range missile
Arab Today, arab today Saudi Arabia to unblock internet calling apps

GMT 11:31 2017 Wednesday ,20 September

Saudi Arabia to unblock internet calling apps
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today All eyes on May as she prepares

GMT 10:16 2017 Friday ,22 September

All eyes on May as she prepares
Arab Today, arab today Big Western brands polluting oceans

GMT 20:10 2017 Saturday ,23 September

Big Western brands polluting oceans
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Carmakers face billions in European

GMT 12:37 2017 Saturday ,23 September

Carmakers face billions in European
Arab Today, arab today Mercedes pumps 1 bln euros    

GMT 06:04 2017 Friday ,22 September

Mercedes pumps 1 bln euros    
Arab Today, arab today Lebleba is preoccupied in filming 'Back Street'

GMT 08:56 2017 Thursday ,21 September

Lebleba is preoccupied in filming 'Back Street'
Arab Today, arab today Puerto Rico, Virgin Islands brace

GMT 12:01 2017 Wednesday ,20 September

Puerto Rico, Virgin Islands brace

GMT 08:59 2017 Wednesday ,20 September

Youssra prepares for launching her program

GMT 18:09 2017 Thursday ,21 September

China lifts 10-year travel ban

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 06:21 2017 Wednesday ,20 September

France hopeful of persuading Trump

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 08:39 2017 Friday ,22 September

New Hurdles as Republicans Rush

GMT 06:49 2017 Friday ,22 September

O'Leary: Could ground more planes

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday