Fiscal Balance in Jordan
Jordan - Fiscal Balance
Available data points to a mixed fourth quarter, after growth accelerated slightly in the third quarter. On the one hand, industrial production fell at a faster pace in October–November compared to Q3. However, exports of goods increased in November, while imports also rose after falling for most of the preceding months of the year, suggesting demand might have started to firm up. Meanwhile, the authorities reached a four-year support program with the IMF in late January, worth USD 1.3 billion. The program is now pending final approval from the IMF, expected in March, and includes gradual and steady fiscal consolidation as one of its key objectives. This came shortly after Parliament approved the government’s mildly expansionary 2020 budget, which includes an increase in capital spending and salaries for public-sector workers, and forecasts little change to the fiscal deficit from 2019.Jordan - Fiscal Balance Data
| 2014 | 2015 | 2016 | 2017 | 2018 | |
|---|---|---|---|---|---|
| Fiscal Balance (% of GDP) | -2.3 | -3.5 | -3.2 | -2.6 | -2.4 |
Jordan Fiscal Balance Chart
Source: Central Bank of Jordan and FocusEconomics calculations.
Jordan Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 0.71 | 0.0 % | Nov 30 |
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