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Fahed Fanek
By Fahed Fanek - Mar 19,2017
When the Ministry of Finance submitted its draft budget for 2017 to Parliament, the final figures for 2016 were not ready yet.For comparison, the ministry used estimates for 2016 to judge the reasonableness of the new budget figures, comparing them to the estimated figures of the
By Fahed Fanek - Mar 12,2017
In his recent meeting to brief Al Rai newspaper journalists, Prime Minister Hani Mulki, referring to the state of the economy, assured that there is light at the end of the tunnel.That was, of course, an optimistic statement indicating that economic recovery is at hand, perhaps s
By Fahed Fanek - Mar 05,2017
Our officials and economists are used to account for public debt as one amount, irrespective of whether it is local debt, denominated in Jordanian dinars, or external debt, denominated in foreign currency.Strangely enough, IMF experts also dealt with Jordan’s public debt as one b
By Fahed Fanek - Feb 26,2017
Sixteen years after the establishment of the Aqaba Special Economic Zone (ASEZ), it is high time to examine the economics of this grand and costly project that promised much, but failed to deliver.As a starting point, it is important to point out the fact that all the revenues co
By Fahed Fanek - Feb 19,2017
Nothing in the government’s plans for 2016 or in economic reform programme agreed upon with the IMF said that Jordan’s public debt, in absolute figures, must be reduced in 2016.As a matter of fact, the programme is dealing with debt not in absolute figures, but as a percentage of
By Fahed Fanek - Feb 12,2017
At this time, when external grants receivable by the Treasury, whether Arab or foreign, are on the decline, Jordan may have no choice but to adopt a policy of financial self-sufficiency, accompanied by all the suffering that may go with such an adjustment.Self-sufficiency is nice
By Fahed Fanek - Feb 05,2017
The latest data on unemployment during the fourth quarter of 2016 shows that the rate stood at 15.8 per cent, compared to 15.9 per cent in the previous quarter.This means that unemployment has stabilised, but at a very high level not reached at any time in the last 10 years.It mi
By Fahed Fanek - Jan 29,2017
There is at last some good news that is worth mentioning. The steady decline of the central bank’s reserves in gold and foreign exchange came finally to an end.
By Fahed Fanek - Jan 22,2017
The World Bank continues to practise its hobby of issuing economic projections that never happen, not even by accident.The latest projection by the World Bank was that the rate of economic growth in Jordan would be 2.3 per cent in 2016 and 2.6 per cent in 2017.Both rates are way
By Fahed Fanek - Jan 15,2017
According to the economic reform programme agreed upon with the IMF, Jordan’s gross public debt was allowed to rise from JD24.9 billion by the end of 2015 to JD26.3 billion by the end of 2016, an increase of JD1.4 billion, or 5.6 per cent.This percentage was supposed to be the sa



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