Abu Hamour: Loans tied with decrease of deficit

Abu Hamour: Loans tied with decrease of deficit

Minister of Finance Mohammad Abu Hamour has told Ammannet that the loans from other countries is tied and connected the deficit of the budget and the percentage of the debt in comparison with the Gross National Product (GNP), not to mention keeping the national economy and services of the citizen aside, and has nothing to do with the International Monitory Fund or any other national side.

Abu Hamour has explained that the government shall opt to loan in order to leave cash flow in the hands of the national private sector and not having any problem with the government regarding the money flow through decreasing the profit rates in banks.

The minister has reiterated that the government has decreased the deficit by JD350m during the past 6 months in compare with the same period of the last year.

He added that the government will not impose any further taxes this year other than the ones imposed by June of this year by the reform program.

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