The paper analyzes the major progress Jordan has made in recent years in macroeconomic stabilization and the transformation of its economic structure. It discusses recent economic developments, macroeconomic policies, and structural reforms and examines the factors underpinning growth, including structural reforms in key areas such as public finance, the financial system, the trade and exchange regime, Jordan's external debt-management strategy, and the dynamics of the public debt and its sustainability.Chart 4.2. Expenditure (In percent of GDP) 60 50 ^\ Expenditure 40 V 30 Current nonmifrtory . expenditure Military ... 1990; and a low average interest rate on public debt (significantly below the growth rate of the economy). ... Chart 4.3. Tax Revenue (In percent of GDP) 1972 74 76 78 80 82 84 86 88 90 92 94 Sources: IMF, International Financial Statistics, ... percent of GDP, of which 7 percentage points were attributable to debt service and 9 percentage points to capital expenditures.
|Title||:||Jordan - Strategy for Adjustment and Growth|
|Author||:||Edouard Maciejewski, Ahsan S. Mansur, Patricia Alonso-Gamo|
|Publisher||:||International Monetary Fund - 1996-05-20|