Economic Analysis Of The Country Of Jordan

Despite Rise in Revenues , State Budget deficit widened in `07Jordan Times ,4 /1 /2008 Despite a 14 .5 per penny build up in interior(prenominal) revenues and foreign grants encompassing to the terra firma in 2007 , the state figure recorded a deficit of 5 .4 per centimeime of the gross domestic ingathering (gross domestic product , agree to official figures released MondayAlthough the country recorded a JD502 .5 iodine thousand cardinal outgrowth in domestic revenues and grants , the 2007 budget deficit stood at JD614 .5 gazillion an increase of 1 per cent from 2006According to the Ministry of finance periodic bulletin , away grants while domestic revenues were 14 .5 per cent higher in 2007 , amounting to JD3 ,628 .1 trillion compared to JD3 ,164 .4 one thousand million in 2006The bulletin attributed the increa se in the domestic revenues to a JD338 .6 million raising in evaluate revenues , and similar raises in non- levy income revenues and repayments by JD117 .6 million and JD7 .5 million respectivelyThe increase in tax revenues resulted of importly from a 20 .1 per cent rise in gross revenue tax equaling JD245 .4 million , accounting for 72 .5 per cent of the boilers suit computed increaseIncome tax revenue also grew by 20 .3 per cent , or JD83 .5 million accounting for around 24 .7 per cent of the increase generated in overall tax revenuesLast year , repayments million in 2006 , the ministry s figures revealedtime , raising the exp stamp outitures account book to JD4 ,586 millionThe rise was the result of a JD626 .1 million increase in authorized expenses coupled with a 6 per cent increase in capital expenses equaling JD47 .7 millionThe increase in current expenses was due principally to higher defense and credential sp lay offing and the rising cost of basic staples , fuel su bsidies pensions and salariesInterest pass ! judgment on domestic and foreign loans also rose by 15 .6 per cent or JD49 .5 million , the bulletin indicatedAt the end of 2007 , the outstanding external public debt (government and government-guaranteed ) dropped by 5 .

6 introduction points of the gross domestic product to around JD5 ,253 million , representing 46 .3 per cent of the Kingdom s GDP . In 2006 , the debt Higher exchange rates of global currencies against the US dollar and subsequently against the Jordanian dinar were the main solid ground behind the increase in the external debt volume , according to the Ministry of Finance dataForeign debt service on commit ment tail end JD405 .6 million of which were principal payments and JD213 .2 million were interest paymentsPM HIGHLIGHTS NEED TO work in JOB OPPORTUNITIES FOR YOUTHMonday 7 April 2008Jordan News AgencyPrime Minister Nader Dahabi on sunshine said the government has placed its hopes in the Jordanian familiarity for Training and Recruitment (JCTR ) to create job opportunities for young personsThe aggregate has the full support of the Ministry of Labour , the Jordan Armed Forces (JAF ) and the private expanse , the premier saidChairing a meeting of the JCTR s higher committee yesterday , Dahabi stressed the importance of producing highly-skilled graduates who are competitive...If you want to get a full essay, order it on our website: OrderCustomPaper.com

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