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  • 21-11-21

    Jordanian economy keeps on reviving due to fiscal procedures

    (MENAFN) Based on the International Monetary Fund, Jordanian economy carries on recovering from the effect of the Covid-19 pandemic due to fiscal and monetary procedures, along with a faster vaccination plan.

    The IMF stated, that the nation’s economy is planned to increase 2 per cent in this present year and 2.7 per cent in the upcoming year, after attaining a staff-level conract on the third review of Jordan’s economic reform plan under its Extended Fund Facility deal.

    The IMF also reported, “despite the challenging circumstances brought on by the pandemic, sound policies have helped maintain macroeconomic stability.”

    “The government is on track to narrow its fiscal deficit by 1 per cent of GDP in 2021, reflecting robust revenue collection on the back of a significant institutional effort to tackle tax evasion and improve tax compliance.”

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