Jordan’s fiscal situation is getting grimmer as foreign grants trickle in more slowly than expected.
Latest official stats show it got just JD152mn ($214mn at the fixed JD1=$1.41) in Jan-Apr 2016, down 40% from JD247mn in Jan-Apr 2015. Year-to-April receipts were just 19% of the expected 2016 total, compared to 28% for Jan-Apr 2015. The inflow is unlikely to improve given lower revenue in GCC states and sluggish growth in key western economies. (CONTINUED - 303 WORDS)