Minister of Finance, Dr. Muhammad Al-Issis, affirmed that Jordan is taking serious steps to encourage investment, facilitate the investor and maintain the legislative stability of the investment environment.

Al-Ississ said in remarks on the sidelines of his participation in the Davos Global Forum, that the Jordanian delegation participating in the forum, headed by the Prime Minister, places the investment file on the top of its priorities by talking with a large number of international investors, indicating that the current situation in which the world is witnessing instability represents an opportunity Jordan is serious about attracting investments looking for financial and monetary stability.

He pointed out that Jordanian financial stability in light of a global situation in which financial and monetary stability is absent constitutes a real opportunity for investments looking for a good equation between profit and global economic challenges.

He stressed that the government presented a budget that maintains and raises capital spending to stimulate investment activity in the Kingdom while maintaining the government’s commitment not to raise taxes.

He explained that the economic challenge is global, and the Jordanian economy is part of this challenge, pointing out that the stagnation and inflation that the world is witnessing in Jordan is an opportunity because Jordan is one of the few countries in the world to maintain monetary stability, according to the testimony of major international institutions and houses of financial expertise.

And he indicated that the government has allocated 1.6 billion dinars as capital spending, and we will work to reduce the primary deficit from 3.4 percent, as estimated in 2022, to reach 2.9 percent in 2023, and public debt will also be reduced as a percentage of GDP for the third year in a row, despite the government’s commitment not to raise any Taxes or introducing any new taxes due to the policy adopted by the government to fight tax evasion to achieve tax justice for citizens and to stay away from consumer taxes.

He said that Jordan signed an agreement with the United States that places the Kingdom alone, as it extends for a period of seven years, at a value of 1.450 billion dollars for a period of seven years.

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