Macroeconomic Forecast Jordon

November 2004 | Macroeconomic Forecasts

Data for fiscal performance in Q1 have been positive and suggest that the budget deficit target of 3.9% of GDP is attainable. In the first three months of this year, the budget balance posted a surplus of 1.8% of GDP. Rising economic output has led to an increase in tax receipts, which cushioned the fiscal account, as has the expenditure restraint being exercised by the government.

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