Tag: Budget

What Cheap Oil Means for Us

On paper, record low oil prices should prove to be an economic bonanza for an emerging market energy importer like Jordan. But what’s the reality? By Dina al-Wakeel In 2011, just when it was trying to get back on its…

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Let’s Capitalize on Cheap Oil

We could just sit on the huge savings we’re making from plunging oil prices. Or we could plough them into developing renewable energy sources that reduce our reliance on expensive and polluting fossil fuels. A quick calculation of the savings…

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Spotting Opportunities

Everyone agrees the coming year will be a tough one for the region’s economies. But some countries will fare much better than others because their decision makers were bold enough to seek out new opportunities and act upon them. By…

Time to Build

Jordan has signed multimillion dollar funding deals for a wide array of new infrastructure projects. But not everyone is happy about who gets to build them. Jordan has inked more than $600 million worth of funding agreements in recent months,…

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Budget 2016: The Numbers Don’t Add Up

The forecasts contained within the government’s recently-unveiled 2016 budget bill fail to convince. By Khalid W. Wazani The government has yet again built a budget based on unrealistic assumptions. In 2016, the government expects a real growth rate of 3.7…

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Budget Expectations

Whatever the government unveils in next year’s budget, policy makers should produce an economic blueprint that balances realism with ambition. By Khalid W. Wazani The government is due to unveil the details of its 2016 budget next month. The experience…

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The Refugee Crisis: Don’t Forget Jordan

Europe’s refugee crisis shouldn’t blind the international community to the heavy economic toll the Syrian conflict is having on Jordan. By Khalid W. Wazani Two years ago, the Ministry of Planning and International Cooperation joined forces with the United Nations…

refugee crisis

Economic Reform: Are We on the Right Track?

As the government has learned from its deal with the IMF, ill-conceived economic reforms can often do more harm than good. By Khalid Wazani Economic reform is a process that should be evolutionary not revolutionary, gradual not instantaneous, comprehensive not…

GDP to Grow 4 Percent in 2015 – QNB

Despite a difficult regional context, the Qatar National Bank (QNB) Group said it expected Jordan’s real GDP growth to reach 4 percent over 2015, accelerate to 4.3 percent in 2016, and 4.5 percent in 2017. Jordan’s economy would continue to…

Tackling our Pension Problem

Standing at the same amount as the budget deficit, Jordan’s bankrupt public pension system is funded solely by new debt. Rationally reducing its burden should be of prime importance. By Jawad J. Abbassi At the parliamentary discussions of the government…