The Hassan government pursues fiscal consolidation under the Economic Modernisation Vision and the Public Sector Modernisation Roadmap. The 2026 budget targets a 4.6%-of-GDP deficit with JD1.6bn capital spending; the 2027 budget is being drafted on a 15% cut in ministry operating costs.
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Government · leader
King Abdullah II (head of state) / Prime Minister Jafar Hassan (since Sep 2024, reshuffled Aug 2026)
Key national agenda
- Implementing the Economic Modernisation Vision
- Public Sector Modernisation Roadmap and results-based budgeting
- Digital transformation, service automation and cybersecurity
- Green economy and climate goals
- Lower deficit and a 15% cut in operating costs (2027)
Government programmes
2026 general budgetCapital spending JD1.6bn
Domestic revenue JD10.196bn, current spending JD11.456bn, capital spending JD1.6bn (JD1.37bn revised 2025), interest ~JD2.26bn, deficit ~JD2.125bn (4.6% of GDP), support packages JD655m (single source)
2027-2029 medium-term budget preparationNot disclosed
15% cut in ministry operating costs, JD30 monthly raise for staff/retirees under JD600, priority to ongoing capital and modernisation projects
Public digital transformation and cybersecurityNot disclosed
Service automation and cybersecurity named as 2027 budget priorities
Business opportunities
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Results-based budgeting and KPI management system
The government requires spending to be tied to performance indicators.
General Budget Department
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Korean support schemes
- 2026 buyKOREA Specialized Trading Company Pavilion (call for participants) · KOTRA — Connects small and first-time exporters to overseas buyers via buyKOREA listings and SNS ads; free, about 100 firms, applications 3-13 Nov 2026 (target countries not named).
Official notices
- 2026-08-11 Royal decree reshuffles the Hassan cabinet, naming a deputy PM for economic affairs
- 2026-07-25 Finance minister reviews 2027 budget drafting and orders on-time submission to parliament
- 2026-06 PM's 2027 budget circular orders a 15% cut in operating costs
- 2026-01-11 PM calls 2026 a 'year of building' in TV interview
Disaster · conflict · epidemic
Watch 2026-11-07
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Strikes on IS in southern Syria after church attack (late Oct); Iran war regional tension
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Earth & space
Credit rating · FX
Moody's Ba3 (stable, affirmed Apr 2026) / Fitch BB- (stable, single source) / S&P unverified (sources conflict) · K-SURE Unverified · JOD
Sanctions
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No country-wide UN, US, EU, UK or Korean sanctions programme applies to Jordan.
Sources
- Jordan Times - PM directs ministries to reduce operating costs by 15%
- Petra - Finance minister oversees drafting of 2027 budget bill
- Jordan News - Royal Decree approves cabinet reshuffle under PM Hassan
- ICE - Jordan 2026 draft budget
- The National - Moody's changes Bahrain and Iraq outlook (Jordan affirmed)
