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Jordan budget deficit narrows

Amman, December 15, 2010

Jordan’s budget deficit narrowed by 26 per cent in the first 10 months of 2010 from a year earlier due to more aid and cuts in capital spending, finance ministry sources have said.

The latest preliminary figues show the shortfall shrank to JD657 million ($926 million) from JD890 million in the same period of 2009 – a year which ended with a record deficit of 9 per cent of gross domestic product, according to a report in our sister newspaper Gulf Daily News.




Tags: economy | Jordan | finance | Budget Deficit |

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