AGP Executive Report
Last update: an hour agoPublic Finance Tightening: Prime Minister Jafar Hassan issued a circular for the 2027 draft General Budget Law, ordering ministries and public units to cut operating expenditures by 15% and to submit detailed 2027–2029 budget plans by mid-July, with extra spending only justified and linked to priorities like the Economic Modernisation Vision and public sector modernisation. Regional Security: Hassan also met Iraq’s Parliament Speaker Heit al-Halbousi, stressing that Iraq’s security is inseparable from Jordan’s, with behind-the-scenes focus on border and airspace threats and the challenge of armed non-state groups operating beyond Iraqi state control. Energy & Resources: Energy expert Mubarak Al-Tahrawi told Radio Al-Balad that Jordan has major untapped gas, oil shale, and mineral potential, arguing that weakening exploration institutions has held back investment and revenue gains. Economic Diplomacy: Hassan met World Bank managing director of operations Anna Bjerde to discuss cooperation across energy, transport, water, education, healthcare and digital transformation. Infrastructure & Jobs: Excavation has started for the Al Hussein Bin Abdullah II International Stadium in Amra City, targeting 46,000 seats and a late-2029 opening, with sustainability-focused design and transport links. Innovation Funding: Jordan’s Innovative Startups and SMEs Fund committed $7m to Endeavor Catalyst V to draw more international venture capital into the startup ecosystem.
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