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Jordan: Third Review Under the Stand-By Arrangement
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2004: Issue 287
Language:
English
Publication Date:
03 Sep 2004
DOI:
https://doi.org/10.5089/9781451820331.002
ISBN:
9781451820331
ISSN:
1934-7685
Pages:
56
Keywords:
ISCR; CR; net; SDR; discussion of Jordan's performance; executive board discussion; debt; approval of the Third Review; government debt stock; deficit net; Monetary base; Commercial banks
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The staff report for the Third Review Under the Stand-By Arrangement on Jordan highlights the economic developments and policies. Additional grants and higher tax revenue will offset the loss of the oil surplus and the increase in petroleum subsidies. The authorities intend to limit total budgetary expenditure to the program level with a view to achieving the fiscal deficit target. The authorities recognized an upside potential on the revenue side, and in such an event, they intend to save a large portion of the overperformance for further deficit and debt reduction.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund