Jordan’s government increased funding for impoverished families on Monday amid the coronavirus pandemic and record unemployment.
The Department of Statistics said unemployment had reached 23.9 per cent in the third quarter this year compared with 19.1 per cent in the same period last year.
The highest unemployment rate recorded since 1968 was made public as Finance Minister Mohamad Al Ississ announced the 2021 budget.
He said 38 per cent more money will be spent next year on the National Assistance Fund, which provides cash assistance to the kingdom’s poorest household.
At least 15 per cent of Jordanians lived below the official poverty line of 68 dinars ($95) per capita per month at the end of 2018.
The government-owned fund gave 50 to 200 dinars on regular bases to more than 75,000 families by the end of last year.
The amount each family receives is based on the number and ages of members in the household and their physical and material condition.
But the funds size of 145 million dinars ($203 m) before the projected increase, would still comprise only a fraction of the overall budget for 2021.
Mr Al Ississ told reporters that “one of the government’s most important priorities is to care for the vulnerable classes suffering in this difficult time”.
“We therefore initiated an unprecedented increase in the National Assistance Fund,” he said.
The 2021 budget forecasts spending of 9.9 billion dinars and a deficit of 2 billion dinars, levels roughly similar to those that the government had projected for this year.
Mr Al Ississ said high unemployment was “the main concern” of authorities.
But he made it clear that the government’s room for manoeuvre is limited because salaries account for 65 per cent of spending.
Another 17 per cent of the 2021 budget will go to pay for servicing the public debt, which is at least $37 billion.
He said these parameters constitute “hard financial reality”.
Jordan’s public debt is huge compared with the modest output of the country’s economy.
The population is 10 million and Jordan’s gross domestic product was $44 billion last year.
The government expects the economy to shrink by at least three per cent this year, citing curfews and other measures to try and contain the spread of the coronavirus as the reasons.
“A large part of the revenue drop we are suffering is linked to the closures we have been through this year,” he said.
But a two per cent growth the Jordan central bank said it registered last year was part of more than a decade-long economic stagnation accompanied by high poverty and unemployment rates.
Most of Jordan’s 219,000 coronavirus cases and 2,751 deaths were officially registered the last two months, prompting the authorities to reinstate closures and curfew measures in the last two weeks.
Mr Al Ississ expected a 2.5 per cent economic growth next year, fuelled by pent up demand for goods and services, unless the coronavirus situation takes a turn for the worse.
He said that because of the coronavirus the hardest challenge “for any financial official is the lack of clarity in reading next year’s economic and financial curves.”
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• News has a bright future and the UAE is at the heart of it
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• Architecture is over - here's cybertecture
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What are the influencer academy modules?
- Mastery of audio-visual content creation.
- Cinematography, shots and movement.
- All aspects of post-production.
- Emerging technologies and VFX with AI and CGI.
- Understanding of marketing objectives and audience engagement.
- Tourism industry knowledge.
- Professional ethics.
Key findings of Jenkins report
- Founder of the Muslim Brotherhood, Hassan al Banna, "accepted the political utility of violence"
- Views of key Muslim Brotherhood ideologue, Sayyid Qutb, have “consistently been understood” as permitting “the use of extreme violence in the pursuit of the perfect Islamic society” and “never been institutionally disowned” by the movement.
- Muslim Brotherhood at all levels has repeatedly defended Hamas attacks against Israel, including the use of suicide bombers and the killing of civilians.
- Laying out the report in the House of Commons, David Cameron told MPs: "The main findings of the review support the conclusion that membership of, association with, or influence by the Muslim Brotherhood should be considered as a possible indicator of extremism."
DUBAI WORLD CUP CARNIVAL CARD
6.30pm Handicap US$135,000 (Turf) 2,410m
7.05pm UAE 1000 Guineas Listed $250,000 (Dirt) 1,600m
7.40pm Dubai Dash Listed $175,000 (T) 1,000m
8.15pm Al Bastakiya Trial Conditions $100,000 (D) 1.900m
8.50pm Al Fahidi Fort Group Two $250,000 (T) 1,400m
9.25pm Handicap $135,000 (D) 2,000m
The National selections
6.30pm: Gifts Of Gold
7.05pm Final Song
7.40pm Equilateral
8.15pm Dark Of Night
8.50pm Mythical Magic
9.25pm Franz Kafka
• Remittance charges will be tackled by blockchain
• UAE's monumental and risky Mars Mission to inspire future generations, says minister
• Could the UAE drive India's economy?
• News has a bright future and the UAE is at the heart of it
• Architecture is over - here's cybertecture
• The National announces Future of News journalism competition
• Round up: Experts share their visions of the world to come
Living in...
This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.
MATCH INFO
Group B
Bayern Munich v Tottenham, midnight (Thursday)
UAE squad
Esha Oza (captain), Al Maseera Jahangir, Emily Thomas, Heena Hotchandani, Indhuja Nandakumar, Katie Thompson, Lavanya Keny, Mehak Thakur, Michelle Botha, Rinitha Rajith, Samaira Dharnidharka, Siya Gokhale, Sashikala Silva, Suraksha Kotte, Theertha Satish (wicketkeeper) Udeni Kuruppuarachchige, Vaishnave Mahesh.
UAE tour of Zimbabwe
All matches in Bulawayo
Friday, Sept 26 – First ODI
Sunday, Sept 28 – Second ODI
Tuesday, Sept 30 – Third ODI
Thursday, Oct 2 – Fourth ODI
Sunday, Oct 5 – First T20I
Monday, Oct 6 – Second T20I
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Torque: 790Nm from 2,000-3,600rpm
Transmission: 10-speed auto
Fuel consumption: 11.7L/100km
On sale: Now
Price: From Dh590,000
The other virus: bigotry
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Anita Williams
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1971 Abu Dhabi National Oil Company established
1980 Ruwais Housing Complex built, located 10 kilometres away from industrial plants
1982 120,000 bpd capacity Ruwais refinery complex officially inaugurated by the founder of the UAE Sheikh Zayed
1984 Second phase of Ruwais Housing Complex built. Today the 7,000-unit complex houses some 24,000 people.
1985 The refinery is expanded with the commissioning of a 27,000 b/d hydro cracker complex
2009 Plans announced to build $1.2 billion fertilizer plant in Ruwais, producing urea
2010 Adnoc awards $10bn contracts for expansion of Ruwais refinery, to double capacity from 415,000 bpd
2014 Ruwais 261-outlet shopping mall opens
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Day 1 fixtures (Saturday)
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Who is Tim-Berners Lee?
Sir Tim Berners-Lee was born in London in a household of mathematicians and computer scientists. Both his mother, Mary Lee, and father, Conway, were early computer scientists who worked on the Ferranti 1 - the world's first commercially-available, general purpose digital computer. Sir Tim studied Physics at the University of Oxford and held a series of roles developing code and building software before moving to Switzerland to work for Cern, the European Particle Physics laboratory. He developed the worldwide web code as a side project in 1989 as a global information-sharing system. After releasing the first web code in 1991, Cern made it open and free for all to use. Sir Tim now campaigns for initiatives to make sure the web remains open and accessible to all.