Jordan: Third Review Under the Stand-By Arrangement
IMF Staff Country Reports, September 3, 2004
Source details
- Canonical URL
- Jordan: Third Review Under the Stand-By Arrangement
Other formats
Bibliographic details
- Authors: Arrangement The
- Published: September 3, 2004
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451820331.002
Summary
- 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.
Fiscal developments and policy stance
- Offset measures:
- Additional grants.
- Higher tax revenue.
- Fiscal pressures:
- Loss of the oil surplus.
- Increase in petroleum subsidies.
- Expenditure policy:
- Authorities intend to limit total budgetary expenditure to the program level.
- Deficit and debt strategy:
- Targeting the fiscal deficit.
- If revenue outperformance occurs, a large portion will be saved for further deficit and debt reduction.
Thematic coverage (as listed in the report)
- Subject: Banking, Commercial banks, Expenditure, External debt, Financial institutions, Monetary base, Money, Public debt
- Keywords: approval of the Third Review, Commercial banks, CR, debt, deficit net, discussion of Jordan's performance, executive board discussion, government debt stock, ISCR, Monetary base, net, SDR
International Monetary Fund. "Jordan: Third Review Under the Stand-By Arrangement", IMF Staff Country Reports 2004, 287 (2004), accessed 9/11/2026, https://doi.org/10.5089/9781451820331.002