{
  "title": "Jordan: Third Review Under the Stand-By Arrangement",
  "publication": "IMF Staff Country Reports, September 3, 2004",
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  "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.",
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    {
      "heading": "Summary",
      "content": "- The staff report for the Third Review Under the Stand-By Arrangement on Jordan highlights the economic developments and policies.\n- Additional grants and higher tax revenue will offset the loss of the oil surplus and the increase in petroleum subsidies.\n- The authorities intend to limit total budgetary expenditure to the program level with a view to achieving the fiscal deficit target.\n- 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."
    },
    {
      "heading": "Fiscal developments and policy stance",
      "content": "- Offset measures:\n  - Additional grants.\n  - Higher tax revenue.\n- Fiscal pressures:\n  - Loss of the oil surplus.\n  - Increase in petroleum subsidies.\n- Expenditure policy:\n  - Authorities intend to limit total budgetary expenditure to the program level.\n- Deficit and debt strategy:\n  - Targeting the fiscal deficit.\n  - If revenue outperformance occurs, a large portion will be saved for further deficit and debt reduction."
    },
    {
      "heading": "Thematic coverage (as listed in the report)",
      "content": "- Subject: Banking, Commercial banks, Expenditure, External debt, Financial institutions, Monetary base, Money, Public debt\n- 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\n\nInternational 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\n\n---\n\n Content in this bundle\n\n- cr04287\n  - cr04287 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr04287 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Authors: Arrangement The",
    "Published: September 3, 2004",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781451820331.002",
    "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.",
    "Offset measures:",
    "Fiscal pressures:",
    "Deficit and debt strategy:",
    "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",
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