## 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](https://www.imf.org/en/publications/cr/issues/2016/12/31/jordan-third-review-under-the-stand-by-arrangement-17703)

## Other formats

- [Markdown version](/en/publications/cr/issues/2016/12/31/jordan-third-review-under-the-stand-by-arrangement-17703/index.md)
- [Structured JSON version](/en/publications/cr/issues/2016/12/31/jordan-third-review-under-the-stand-by-arrangement-17703/index.json)
- [Bundle manifest](/en/publications/cr/issues/2016/12/31/jordan-third-review-under-the-stand-by-arrangement-17703/bundle-manifest.json)

## Bibliographic details
- Authors: Arrangement The
- Published: September 3, 2004
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451820331.002

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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.
- 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*

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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/jordan-third-review-under-the-stand-by-arrangement-17703_