Jordan budget deficit stands at JD648.6 million at end of August | Business | Ammon News


Jordan budget deficit stands at JD648.6 million at end of August


[10/8/2017 3:58:28 PM]

AMMONNEWS - Jordan's budget deficit (after adding foreign grants) stood at JD648.6 million at the end of August, compared with JD372 million for the same period in 2016, according to the monthly bulletin of the Finance Ministry.

Excluding foreign grants, the budget deficit amounted to JD807.4 million in 2017, compared to a deficit of JD653.3 million during same period of 2016.

The ministry said according to the General Budget's Law of this year, most of the financial grants are expected to be received in December.

Domestic revenues have risen to JD4.486 billion by the end of August, compared to JD4.406 billion during same period of 2016.

The ministry's bulletin showed that the rise in domestic revenues was due to the increase in non-tax revenues which amounted to about JD93.9 million.

Foreign grants amounted to JD158.8 million to the of August, compared to JD281.3 million, reflecting a decrease of about JD122.5 compared with the same period last year.

The ministry said the total value of this year's grants will reach about JD777 million, the majority of which is expected to be received in the fourth quarter of this year.

The total expenditure for the end of August amounted to about JD5.294 billion, compared to JD5.059 billion during same period of 2016, registering an increase of JD234.6 million or 4.6 per cent.

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