Jordanian Cabinet Approves 2027 General Budget Bill to Boost Economic Growth

The Jordanian Cabinet officially approved the 2027 general budget bill during a session held on Sunday. Prime Minister Jafar Hassan chaired the meeting, which marks a significant step in the country's fiscal planning for the upcoming year. The draft legislation will now move to the Lower House of Parliament for formal review and constitutional approval. This early approval is intended to accelerate the implementation of key capital projects across the nation. Government officials stated that the budget aims to strengthen economic stability while fostering long-term development. The administration projects a nominal economic growth rate of 5.6 percent for the 2027 fiscal year. A central feature of the new budget is a substantial increase in capital expenditure, which is set to rise by approximately 18 percent compared to revised 2026 estimates. This shift is designed to compensate for a decline in capital spending observed during the previous year. By prioritizing these investments, the government hopes to stimulate industrial activity and create new employment opportunities for citizens. The budget also includes specific provisions to support the public sector and improve the quality of life for residents. Approximately 260 million Jordanian dinars have been allocated to fund a monthly salary increase of 30 dinars for civil servants and retirees. This measure is intended to help eligible individuals manage the rising costs of living. Furthermore, the government remains committed to maintaining essential social protection programs, including continued subsidies for basic commodities and coverage for cancer treatment costs. The budget also provides increased financial support for the Jordan Armed Forces and various national security agencies. Current expenditure is projected to reach 12 billion Jordanian dinars, representing a 6.4 percent increase over 2026 figures. These funds are expected to support the ongoing operational requirements of state institutions. Following the parliamentary review process, the government plans to begin executing these financial strategies at the start of the new fiscal cycle. The focus remains on balancing fiscal responsibility with the need for robust economic expansion.