Jordan's government "needs to rein in spending"

Faris Sharaf, the deputy governor of Jordan's central bank, has called on the country's government to rein in spending to reduce inflationary pressure and narrow the current-account deficit.

"We have a runaway budget and our current-account deficit is chronic and growing," Sharaf said in a local interview. The shortfall is financed by foreign direct investment and portfolio flows, which are not sustainable. He added that string investment flows were no "excuse to continue to live beyond our me

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