New forecasted capital expenditure for fiscal year 2024 stands at JD73 million — Gov’t

New forecasted capital expenditure for fiscal year 2024 stands at JD73 million — Gov’t

AMMAN — The new forecasted capital expenditure for the fiscal year 2024 stands at JD73.317 million, according to the 2024 public budget draft law.

The government allocated JD1.729 billion as capital expenses for next year’s budget, in comparison with JD1.547 billion in the current year's budget, as reported by Al Mamlaka TV. 

Approximately all estimated expenditure items in the draft law government were labeled "ongoing" and were allocated JD843.446 million, while the remaining "in progress" expenses were allocated JD812.566 million. 

Governmental units’ expenses for the year 2024 as forecasted reached JD564.638 million, while foreign loans to finance capital projects allocated JD39.610 million from the World Bank, International Fund for Agricultural Development, the Saudi Fund for Development and Kuwait Fund for Arab Economic Development. The allocation rose by JD1.65 million compared with JD37.963 million in the 2023 budget. 

As for the new projects, the government allocated JD3.5 million to increase the capacity of grain warehouses in Ghabawi by 100,000 tonnes. 

Moreover, JD7 million has been allocated to the General Population and Housing Census to be implemented in 2024. The local administration ministry budget will receive JD6.035 million for new capital projects including JD80,000 for pavement maintenance in the capital city of Amman.

The budget also allocated JD1.5