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‘Removing subsidy deformities heralds new economic era’

Minister says government has frozen debt-to-GDP ratio

By JT - Oct 19,2017 - Last updated at Oct 19,2017

Mohammad Momani

AMMAN — Minister of State for Media Affairs and Government Spokesperson Mohammad Momani has said that the ongoing dialogue over subsidies heralds a new economic era where support goes to the individual not the commodity. 

Momani added that the government has been able to freeze the public debt ratio to GDP at 95 per cent and, despite local economic challenges and the regional situation, the government is working on reducing the public debt and fully bridging the budget deficit through sound economic policymaking and corrective measures. 

Momani, who was speaking on a Jordan TV morning show on Thursday, said the shift in support from the commodity to the citizen will be institutionalised through embedding the financial subsidy into the state budget law as of next year.

In response to a question on the bread subsidy, Momani noted that a total of JD140 million goes to subsidise bread, underlining the fact that there are millions of non-Jordanians living in the country who benefit from the government’s support of the commodity. 

There is also the waste and smuggling of bread to neighbouring countries, benefiting from the price difference.

Momani pointed out that there is a number of specialised governmental units that are constantly following the government plans and the progress made therein.

 

The minister added that the government takes into consideration all comments and findings of studies issued by independent and civil institutions on the economic situation.

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STOPPING ALL FORMS OF FINANCIAL AIDS AND PROJECTS IN JORDAN COULD HERALD A NEW ECONOMIC WORLD ORDER FOR BETER DEALS!!!!.

WITH RESPECT TO THE HONORABLE MINISTER, IT IS OUT OF PLACE TO BLAME THE SO-CALLED NON JORDANIANS LIVING IN JORDAN FOR THE ECONOMIC BREAKDOWN IN JORDAN. HOW CAN HE CATEGORICALLY STATE THAT HIS VODOO ECONOMIC AND MISGUIDED POLICY IS DUE TO FOREIGN NATIONALS LIVING IN JORDAN. THIS IS AN INSULT TO THOSE OF US WHO HAVE CONTRIBUTED DIRECTLY AND INDIRECTLY TO SUPPORT THE COUNTRY. THE JD140 MILLIONS SPENT ON BREAD SUBSIDY THAT THE MINISTER IS REFERING TO IS WHAT MY COUNTRY DONATES TO JORDAN A MONTH AS WELL AS OTHER GENEROUS DONORS AND WE EAT AND BUY BREAD IN JORDAN SO DOES THIS MEAN THAT WE ARE FREE LOADERS IN JORDAN. MY WIFE IS A JORDANIAN WHO IS AMONG THE TOP MOST EDUCATED WOMEN IN THE WORLD, WORKED FOR THE JORDANIAN GOVERNMENT IN VARIOUS CAPACITIES AND YET SHE CAN NOT LIVE WITH HER FAMILY WITHOUT THIS INSULT AND TRASH TALK TO DEFLECT MISMANAGEMENT IN JORDAN. IF I MAY ASK, ARE PALESTINIAN FAMILIES LIVING IN JORDAN INCLUDED IN THIS BLANKET INSULT AND ALSO WHO IS ENTITLED TO JORDANIAN CITIZENSHIP AND WHO IS NOT?. PRESIDENT TRUMP SHOULD TAKE NOTE OF THIS. IF I MAY ASK THE MINISTER, HOW MANY JORDANIAN CITIZENS HAVE DUAL NATIONALITIES AND WHAT DO THEY CONSUME IN THOSE COUNTRIES. ONE HUNDRED AND FORTY MILLION DINNARS IS A TOKEN THAT HAS NO STATISTICAL EFFECT ON HIS BURDGET AND BY THE WAY THE SAID AMOUNT COME FROM DONOR COUNTRIES. THIS TYPE OF CARELESS TALK COULD BACK FIRE AS MANY FOREIGNERS LIVING IN JORDAN COME FROM MAJOR DONOR COUNTRIES. HOW WILL HE REACT IF I FORWARD THIS ARTICLE TO THE FLOOR OF SENATE AND CONGRESS TO READ AND RESPOND?. IF THE MINISTER WANTS TO CUT HIS BURGET TO SIZE, MAY BE HE SHOULD STOP IMPORTING THE SO-CALLED DOMESTIC HELPERS THAT COULD SAVE THE COUNTRY OVER HALF A BILLION DOLLARS EVERY FIVE YEARS. WHAT THIS INSULT IS DOING IS SIMPLY POURING GAS TO THE FLAME OF HOW JORDAN TREATS THEIR FOREIGN INLAWS AND FRIENDS.

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