|Date: 12/05/2012 Time: 08:31:00 PM
Prime Minister Fayez Al-Tarawneh, addressing
Jordanian citizens Saturday, warned against upcoming difficult economic
conditions which would require cutting of subsidiary for basic goods.
Tarawneh, in a meeting with editors in chief of local newspapers,
columnists and executives of official media, appreciated the Gulf Cooperation
Council's (GCC) support for Jordan to facing the harsh economic conditions.
He said the Jordanian budget wasin jeopardy with domestic and external
Jordan, he said, has so far received USD 18 million in foreign aid out of
USD 870 million this year.
"Jordan needs the support of treasury more than the backing of projects
although they are important," said the prime minister.
Tarawneh said his government planned to decrease subsidy, as these measures
Minister of finance Sulaiman Al-Hafedh the this year's budget deficit would
be USD 4.1 billion excluding aid and grants. He added that combined domestic
and external debts would climb to USD 24.7 billion by end of this year.
The six GCC countries allocated USD five billion for development projects
in Jordan and Morocco, part of partnerships between the two sides.