AMMAN, July 2 (Xinhua) -- Jordan on Monday said it was "fully committed" to a 700-million-U.S. dollar Extended Fund Facility of the International Monetary Fund (IMF).
Jordan will present a national economic and fiscal reform scheme that will be in line with the IMF reform program, a government official said.
"Jordan is looking into solutions to address the current difficult economic conditions and the tough regional conditions," the official, who asked not to be named, told Xinhua by phone.
"Jordan is fully committed to the fiscal reforms and the IMF deal," said the official.
In 2016, Jordan reached a 36-month deal with the IMF to embark on reforms to reduce public debt and conduct several fiscal reforms including increasing the bases of payers of income tax among others issues.
According to latest official figures, Jordan's economy grew by 1.9 percent by the end of the first quarter of this year, less than expected. The country's public debt represents about 96 percent of the overall gross domestic product.
Under the deal, Jordan is expected to generate 520 million dinars (around 732.9 million dollars) in additional revenues, which seems to be a difficult task.
Jordan has recently witnessed nationwide protests after several taxes were increased to meet the conditions of the IMF deal.
The protests led to the resignation of the government of former Prime Minister Hani Mulki, and the newly formed government headed by Prime Minister Omar Razzaz withdrew a controversial income tax bill that sought to expand the base of income tax payers.
