The Ministry of Finance in Jordan recently released the country’s fiscal data for the first quarter of 2024, showing a notable increase in the fiscal deficit. Despite this, domestic revenues saw a positive trend, covering a significant portion of government expenditures.
Tax revenues played a crucial role in boosting overall revenue, contributing to the positive adjustments in Jordan’s financial indicators. The government’s debt balance, excluding SSIF holdings, decreased slightly compared to the end of 2023.
The positive economic reforms in Jordan received favorable reviews from the International Monetary Fund, enabling the country to access significant funds from the IMF’s resources. This development aligns with an IMF program approved in November last year.
Overall, the fiscal data reflects a mix of challenges and opportunities for Jordan’s economic landscape, showcasing resilience and potential for growth in the coming quarters.
Stay tuned for more updates on Jordan’s economic progress and reforms.