Prime Minister, Bisher Khasawneh, said that the government is committed to submitting a draft law regulating the investment environment to the Lower House of Parliament in April.
Speaking to a cabinet meeting held Sunday, the Prime Minister said: “The draft law is fundamental, important and is part of our march aimed at moving to implementation stages through which we will overcome a decade of challenges, during which the rate of economic growth hasn’t exceeded 2 per cent.”
He added: “We were hit by the Covid-19 crisis, which we were able to overcome, and we are now in the recovery stage, despite the challenges imposed on supply chains and the high prices of basic commodities and oil as a result of the Russian-Ukrainian crisis.”
Khasawneh noted that despite these challenges, Jordan has achieved many good economic indicators, including key credit ratings from international rating agencies, which were either affirmed or raised, reflecting the resilience, safety and solidity of the Jordanian economy and its prudent management.
In this regard, he referred to several decisions that were taken previously that proved effective, including the long-term contracting of gas agreements, which saved the treasury about $1.2 billion last year and about $350 million in the first four months of this year.
“Today, thanks to prudent policies, we have a record number of foreign currency assets of the Central Bank, which amounts to nearly $17 billion, an unprecedented number in our history,” the Prime Minister revealed.
He stressed that all targets in the general budget for the past year were achieved with regard to general revenue, with more than 104 per cent achieved in target revenue.”
The Prime Minister pointed out that “we began achieving economic growth that indicates recovery.”
He said: “We presented a general budget to the Lower House that didn’t include increasing any taxes because we stand on a solid and coherent ground to achieve greater rates of economic growth.”
SOURCE: JORDAN NEWS AGENCY