Fiscal Balance in Jordan
Jordan - Fiscal BalanceData from the second quarter is mixed thus far, after annual growth accelerated slightly in the first quarter due to a growing services sector and despite a contracting construction sector. Industrial production decreased in annual terms in Q2, largely due to lower manufacturing output causing a sharp contraction in June, following four consecutive months of growth. More positively, the merchandise trade deficit narrowed notably in January?May in annual terms, while inflation significantly moderated in Q2 compared to Q1, which should have supported private consumption. In other news, the government’s absolute fiscal deficit narrowed slightly in H1 against the same period last year. Although this is a positive development, it came as a result of a substantial increase in foreign grant receipts and a hefty cut in capital expenditure.
Jordan - Fiscal Balance Data
|Fiscal Balance (% of GDP)||-5.5||-2.3||-3.5||-3.2||-2.6|
5 years of economic forecasts for more than 30 economic indicators.
Jordan Fiscal Balance Chart
Source: Central Bank of Jordan and FocusEconomics calculations.
|Exchange Rate||0.71||0.0 %||Jun 30|
|Stock Market||3,503||0.08 %||Sep 04|
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