Jordan is planning to increase its state expenditure in 2015 by 3.2% to JD8.096bn ($11.415bn). Despite this, ‘Amman hopes to reduce its deficit (after grants) by almost 40% to an estimated JD688mn ($970mn) from JD1.114bn ($1.571bn) in 2014, according to the draft budget which was approved by the cabinet at the end of October.
Domestic revenue (other than grants) is projected to rise by 10% to JD6.28bn ($8.855bn). With inflation projected at 2.4% in the 2015 budget, spending is slated to rise by less than 1% in real terms. (CONTINUED - 744 WORDS)
