PM: Gov't achieves 10% reduction in trade deficit


25-02-2024 10:27 AM

Ammon News - Prime Minister Dr. Bishr Khasawneh delivered on Sunday an opening speech at the Prime Ministry on economic performance and the challenges of this stage, as part of the first session of the interactive meeting on the executive program of the Economic Modernization Vision entitled “Between Two Years.”

Khasawneh said, in his speech that the government confirms the continuation of work on its comprehensive vision, adding that: "In the first year, the government worked to put in place all the possibilities to stimulate the implementation of economic activity, and laid the foundations for the next 10 years until 2033."

Regarding legislative possibilities, he pointed out that the government has approved a number of laws to improve the investment environment, increase growth rates and create job opportunities by up to one million jobs, noting that the funding sources for the vision are based on empowering the private sector as a partner of the public sector.

The government approved a new partnership between the public and private sectors, and a law was passed amending the companies law and a number of other laws, he added.

Khasawneh explained that monetary stability indicators prove that the central bank’s monetary policy succeeded in maintaining the dinar’s exchange rate, stressing that the government is committed to the independence of the central bank, adding that: "We maintain unprecedented foreign reserves."

The government was able to achieve a 10% reduction in the trade deficit, and succeeded in confirming Jordan’s credit rating, he stating, noting that the economy witnessed growth in the number of registered Jordanian companies during 2023.

In the fourth quarter of 2023 , we witnessed the aggression against the Gaza Strip, which cast a shadow on the economy, leading to an increase in shipping costs, he noted.

The Prime Minister also added that there is a natural legitimacy for those involved in commercial work to reflect the high costs on commodity prices, and therefore, we do not expect or ask the private sector or merchant to lose.

It is noteworthy that the sessions review the economic performance, the program’s achievements, and the vision themes, with the participation of Prime Minister Bishr Khasawneh and a number of ministers.




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