House endorses 2014 budget

By JT - Jan 15,2014 - Last updated at Jan 15,2014

AMMAN –– The Lower House on Wednesday endorsed the 2014 state budget draft law with a majority of 57 votes out of 102 lawmakers who attended the meeting.

The deliberations over the budget took three days, with 87 House members taking the podium to reflect on the statement, which features a deficit of JD1.1 billion.

The size of the 2014 budget is estimated to reach JD8.096 billion, up by JD920 million over public expenditure re-estimated for 2013.

Public revenues before foreign assistance are estimated at JD5.831 billion, an 11.6 per cent increase compared with the JD5.226 billion in 2013.

Overall public revenues, including foreign grants, are estimated to reach JD6.982 billion.

Budget planners project assistance from donor countries to increase by JD169 million or 17.3 per cent this year, from JD982 million re-estimated for 2013, to amount to JD1.151 billion.

MPs also approved the draft law for the 2014 budget of independent government institutions, whose revenues are estimated to reach JD710 million, while the expenditures will stand at JD1.829 billion, with an expected deficit of JD1.19 billion.

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