Cash-strapped Jordan is slashing its budget deficit in nominal terms by 25% in 2017 to JD830mn ($1.17bn), or 2.8% of GDP, from the revised deficit of JD1.1bn ($1.55bn), or 4% of GDP in 2016, in line with the IMF-supported reforms to rationalize expenditure.
The kingdom is currently hosting close to 1.5 million Syrian refugees who continue to be a heavy financial burden on the country and its scarce resources. (CONTINUED - 1010 WORDS)
