PM: Fiscal, economic reform plan started to pay off | Business | Ammon News

PM: Fiscal, economic reform plan started to pay off

[7/2/2017 4:55:01 PM]

AMMONNEWS - Prime Minister Hani al-Mulki Sunday said a fiscal and economic reform plan, the government launched several months ago, has started to pay off and "things have taken a positive turn".

He added that measures taken by his government helped prop up economic growth and drove economic indicators, including tourism, exports and expatriates' remittances, to the positive territory.

Speaking at a meeting of the ministerial economic team, Al-Mulki said the government managed to throw a robust and unprecedented control over public spending, referring to a recent decision to cut expenditure by JOD206 million.

He urged public bodies to do their part in a government plan to stimulate growth and lure in foreign investments to ultimately create jobs, rein in public debt and uplift income levels.

The prime minister underlined the importance of facilitating investment procedures, which he said, should be finalized within a seven-day period after investors submit their applications to concerned bodies.

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