Amman – The Financial and Economic Committee of the Senate, chaired by Dr. Raji'i Ma'ashar, discussed the draft Public Budget Law for the year 2025 during a meeting today with the government economic team.
اضافة اعلان
The meeting was attended by Minister of State for Economic Affairs, Engineer Maher Shhada, along with Ministers of Finance, Industry and Trade, Investment, Planning and International Cooperation, Digital Economy and Entrepreneurship, and Director-General of the General Budget, Majdi Al-Sharqawi.
Ma'ashar emphasized that the committee's recent meetings with various government institutions focused on reviewing their programs and action plans, ensuring alignment with the Economic Modernization Vision, a priority emphasized by His Majesty King Abdullah II.
He stressed the importance of having clear and comprehensive fiscal and monetary policies aligned with the modernization vision, with a focus on enhancing competitiveness and reducing high production costs in Jordan, especially when compared to neighboring countries.
Minister Shhada presented the government’s measures to implement the Economic Modernization Vision, particularly key strategic projects such as the Container Port Project and the Ma'an Dry Port.
He highlighted other initiatives related to partnerships with the private sector, local governance, and actions for supporting entrepreneurship, including launching 200 economic events and creating gaming centers for youth.
Shhada also discussed the review of 14 key laws, including electricity, gas, and property ownership laws, and the establishment of 10 new service centers.
He pointed out that the government has announced over 41 stimulus decisions, which had a tangible impact on citizens' lives.
He emphasized that a strong and sustainable private sector is key to driving economic growth.
Minister of Finance, Shlabe, presented key figures for the 2025 budget, highlighting the differences between the 2024 and 2025 budgets.
He explained that the Ministry is working on policies aimed at achieving fiscal stability and supporting economic growth, in line with the Economic Modernization Vision.
The focus is on improving the efficiency of public spending through cost rationalization and enhancing local revenues while controlling the fiscal deficit.
Minister of Industry, Trade, and Supply, Al-Qudah, emphasized the role of large-scale projects in generating short-term economic activity and the importance of comprehensive medium- and long-term economic policies for fostering growth.
He mentioned measures to support key economic sectors, such as construction, industry, and trade.
Minister of Planning and International Cooperation, Zina Toukan, confirmed that the government is working on a financing and borrowing roadmap that includes a series of modifiable measures.
Senators stressed the importance of focusing on measures that would stimulate economic growth, reduce unemployment and poverty rates, and adopt large-scale projects to accelerate the economy in ways that directly benefit citizens.
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