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Fahed Fanek
By Fahed Fanek - Jun 19,2017
A recent report on the economies of Middle East countries, issued by the World Bank, stated that the economic growth rate in Jordan will be 2.3 per cent in 2017, 2.6 per cent in 2018 and 3 per cent in 2019.In other words, the economy will grow, but at a very slow pace.The Wo
By Fahed Fanek - Jun 11,2017
Every Jordanian government undertook to reduce its current expenditure. Every economic columnist dealing with the budget has called for the reduction of current expenditure.Both parliament and senate demanded a reduction in current expenditure.
By Fahed Fanek - Jun 04,2017
Where did the money go, was the sensitive question asked by an outspoken activist. It gained popularity due to its implied accusation of corruption.In fact this is a wrong question and should be reversed.If the government is spending more than its revenue, which is causing t
By Fahed Fanek - May 28,2017
Prime Minister Hani Mulki’s government is firmly committed to four documented programmes to guide its economic and financial policies. The first is the King’s appointment letter, which detailed the policies of all political economic and social aspects.
By Fahed Fanek - May 21,2017
Most recent data by the Ministry of Finance indicates that Jordan’s gross domestic debt has risen during the first quarter of this year by JD76 million only.The government has withdrawn JD100.4 million from its deposits with banks, which raised net public debt to JD176.4 million.
By Fahed Fanek - May 14,2017
Even though the National Agenda was shelved immediately upon its completion, we can go back to the agenda in 2017, the year that was set in the agenda as a target date for the fulfilment of its major objectives.Now that 2017 is upon us, it may be appropriate to compare the planne
By Fahed Fanek - May 07,2017
On June 7, 1999, four months after His Majesty King Abdullah took the lead of the country, I published an article in Al Rai newspaper in an attempt to give a picture of the state of the economy as at the end of 1998 to serve as a reference to compare what will be achieved after a
By Fahed Fanek - Apr 23,2017
The economic reform programme agreed upon with the IMF was formulated during the first half of 2016 and is due to be implemented starting in the second half of the year.Therefore, 2017 is the first full year under reform.This year’s programme calls for economic growth rate to be
By Fahed Fanek - Apr 09,2017
There is an old but persisting question: Why does the world go forward, while we stay back?This is a basic question that few dare answer.
By Fahed Fanek - Apr 02,2017
The World Bank claimed in a recent report that one third of the Jordanian population may fall below the poverty line within a year.This unpleasant statement caused worry, even though there is nothing new about it.The statement calls attention to a possibility, but it does not nec

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