Ministry of Finance: 727.6 million dinars budget deficit for the year 2018

Jordan

Published: 2019-02-27 12:37

Last Updated: 2021-03-06 19:32


Ministry of Finance: 727.6 million dinars budget deficit for the year 2018
Ministry of Finance: 727.6 million dinars budget deficit for the year 2018

The Ministry of Finance confirmed in a press release that it issued in February the final accounts of the general budget for the fiscal year 2018, which was sent to both the Senate and the House of Representatives in addition to the Audit Bureau.

The Ministry of Finance and for the fifth consecutive year has issued the final account before the constitutional period specified by Article (112) of the Jordanian Constitution, which included that the government submit the final accounts at the end of the six months from the end of the previous fiscal year.

The statement also confirmed that in conjunction with the issuance of the Ministry of Finance final accounts were published government bulletin of the month of January 2019, including the financial statements for the year 2018.

The press release of the Ministry indicated that the issuance of these accounts early and before the date specified in the Constitution clearly reflects the technical and administrative efforts by the employees of the ministry and the harmonious teamwork that led to the issuance of the final account for the second time in a row in the history of the Ministry in February, improving the efficiency of financial management and providing greater transparency in the issuance of financial statements in record time, thereby contributing to the strengthening of the financial disclosure policy of the Ministry of Finance and the Government as a whole.

As for the financial statements for 2018, the data of the final accounts and the government financial bulletin showed that the deficit of the general budget for 2018 decreased by JD (20.3) million or (2.7%) from the budget deficit for 2017. The total public expenditure increased by JD (394) million for the year 2017, thus achieving a financial deficit after the grants in the general budget for 2018 amounted to about (727.6) million dinars .

The Ministry published the details of the final account data and the government's financial bulletin on the Ministry's website to allow researchers, scholars and those who are interested to know the details of this account.