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Fahed Fanek
By Fahed Fanek - May 21,2017
Most recent data by the Ministry of Finance indicates that Jordan’s gross domestic debt has risen during the first quarter of this year by JD76 million only.The government has withdrawn JD100.4 million from its deposits with banks, which raised net public debt to JD176.4 million.
By Fahed Fanek - May 14,2017
Even though the National Agenda was shelved immediately upon its completion, we can go back to the agenda in 2017, the year that was set in the agenda as a target date for the fulfilment of its major objectives.Now that 2017 is upon us, it may be appropriate to compare the planne
By Fahed Fanek - May 07,2017
On June 7, 1999, four months after His Majesty King Abdullah took the lead of the country, I published an article in Al Rai newspaper in an attempt to give a picture of the state of the economy as at the end of 1998 to serve as a reference to compare what will be achieved after a
By Fahed Fanek - Apr 23,2017
The economic reform programme agreed upon with the IMF was formulated during the first half of 2016 and is due to be implemented starting in the second half of the year.Therefore, 2017 is the first full year under reform.This year’s programme calls for economic growth rate to be
By Fahed Fanek - Apr 09,2017
There is an old but persisting question: Why does the world go forward, while we stay back?This is a basic question that few dare answer.
By Fahed Fanek - Apr 02,2017
The World Bank claimed in a recent report that one third of the Jordanian population may fall below the poverty line within a year.This unpleasant statement caused worry, even though there is nothing new about it.The statement calls attention to a possibility, but it does not nec
By Fahed Fanek - Mar 26,2017
The Department of Statistics has revealed that prices, measured by the cost of consumer basket of goods and services bought by the average Jordanian family, rose in February of this year by 4.56 per cent over the same month of last year.Statistics showed also that core inflation,
By Fahed Fanek - Mar 19,2017
When the Ministry of Finance submitted its draft budget for 2017 to Parliament, the final figures for 2016 were not ready yet.For comparison, the ministry used estimates for 2016 to judge the reasonableness of the new budget figures, comparing them to the estimated figures of the
By Fahed Fanek - Mar 12,2017
In his recent meeting to brief Al Rai newspaper journalists, Prime Minister Hani Mulki, referring to the state of the economy, assured that there is light at the end of the tunnel.That was, of course, an optimistic statement indicating that economic recovery is at hand, perhaps s
By Fahed Fanek - Mar 05,2017
Our officials and economists are used to account for public debt as one amount, irrespective of whether it is local debt, denominated in Jordanian dinars, or external debt, denominated in foreign currency.Strangely enough, IMF experts also dealt with Jordan’s public debt as one b



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