Jordan: Fiscal Plans Aim to Achieve Financial Stability, Spur GrowthSource: www.export-egypt.com 4/28/2018, Location: Middle East |
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Deputy Prime Minister and Minister of State for Economic Affairs Jafar Hassan said that the government's financial and economic plans aim to control public debt, bring financial stability and stimulate growth in light of the challenges posed to the Jordanian economy by regional crises.
He spoke in a debate on economic and financial policies and their impact on stimulating the Jordanian economy, which was organised by the Jordan Strategy Forum and sponsored by Standard Chartered Bank, KIM, ABCO electronics company and Cementra company, and was attended by Minister of Finance Omar Malhas and members of the government economic team and forum members from the private sector. Hassan said debt cannot continue to be leveraged and double indebtedness costs to stimulate growth, because public debt service is very high and resorting to more debt will increase the burden on the budget in the coming years, and will be at the expense of basic and developmental expenditures. In order to stimulate and support the productive sectors, he pointed out, the labor market should be restructured and qualified manpower be made available revisit the energy strategy and ease government procedures to prop up the business environment. Hassan said that the economic stimulus program aims to ensure that there are clear goals and programs that the government team is working to achieve and implement, stressing the importance of enhancing accountability and transparency in executing projects listed in the plan. |
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