AMMAN — The Lower House is
expected to begin deliberations on the draft general budget law for the 2023
fiscal year, media outlets reported.
اضافة اعلان
The discussions are expected
to last a few days, with evening and morning sessions, and the voting process
could take place as early as Thursday. Last week, deputies agreed to allocate
15 minutes for each bloc and 10 minutes for individual deputies to discuss the
budget.
Report findingsThe Lower House Finance
Committee presented its report to the deputies last week, confirming the
government's efforts to ease economic pressures amid the rise in global
commodity prices.
The committee praised the
measures taken, saying they have contributed to curbing inflation and safeguarding
the standard of living for individuals.
However, the committee also
noted that subsidies for oil derivatives in 2022 and bread subsidies this year
are only temporary and insufficient in addressing the inflationary pressures
people face.
The committee's report
indicated that the estimated public revenues for the current fiscal year amount
to JD9.569 billion, including both local revenues and foreign grants.
Meanwhile, the estimated public expenditures are estimated to reach JD11.431
billion, with a projected deficit of JD 1.862 billion.
The total expenditures of
government units for the current fiscal year are estimated to be JD 1.466
billion, including current and capital expenditures.
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