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Financial Reforms in Jordan

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  • First Online:
Global Encyclopedia of Public Administration, Public Policy, and Governance

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Synonyms

Budget reform; Financial adjustment; Fiscal policy reform

Definition

Financial reforms represent government efforts that aim to rationalize public spending and boost revenues in order to achieve financial stability and economic growth and improve the public sector efficiency.

Introduction

Just as many other countries in the Middle East and North Africa (MENA) have done, Jordan has put financial reform on high priority as a way to achieve economic development and growth. Jordan implemented fiscal reform for the first time in 1989 following the financial bankruptcy that was triggered by the government’s decisions during the period of 1982–1988. Over the past three decades, several steps have been taken in collaboration with the International Monetary Fund (IMF) and the World Bank, to decrease budget deficit and public debt. Although some of these reform efforts were successful, others faced many challenges and did not meet expected outcomes. This essay is divided into three...

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References

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Author information

Authors and Affiliations

  1. University of Texas at Dallas, Richardson, TX, USA

    Diana AL-Fayez

Authors
  1. Diana AL-Fayez
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Corresponding author

Correspondence to Diana AL-Fayez .

Editor information

Editors and Affiliations

  1. Florida Atlantic University, Boca Raton, FL, USA

    Ali Farazmand

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AL-Fayez, D. (2019). Financial Reforms in Jordan. In: Farazmand, A. (eds) Global Encyclopedia of Public Administration, Public Policy, and Governance. Springer, Cham. https://doi.org/10.1007/978-3-319-31816-5_3727-1

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  • DOI: https://doi.org/10.1007/978-3-319-31816-5_3727-1

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  • Publisher Name: Springer, Cham

  • Print ISBN: 978-3-319-31816-5

  • Online ISBN: 978-3-319-31816-5

  • eBook Packages: Springer Reference Economics and FinanceReference Module Humanities and Social SciencesReference Module Business, Economics and Social Sciences

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