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New Jordanian Government Will Face Massive Indebtedness
10/19/2011

The newly designated Jordanian government to be head by Awn al-Khasawna is bound to face difficult economic conditions and uncomfortable financial indicators.

The Treasury is burdened by an $18 billion debt which will require the new government to have strict control of expenditures and to find a real solution to a budget deficit estimated at $1.6 billion.

Economic analyst Salama al-Dar'awi claims that the new government is inheriting the worst economic situation in the history of the Kingdom and called for a study of the economic imbalances suffered by the public sector. He called for restoring the confidence between the public and the private sectors and addressing immediately the major corruption cases faced by the Kingdom.

Source: al-sharq.com, October 19, 2011

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