2 Hrs
Source:
سرايا الإخبارية
Economist: Rising costs hit Jordanian wages early
Economic expert Mohamed Al Bashir stated that the salary received by the Jordanian citizen is no longer sufficient to cover basic needs due to stagnant wages over the past approximately 10 years and the increasing cost of living. He pointed out that the recent government increase of about 30 dinars was aimed at alleviating the financial pressure but was not enough to address ongoing inflation. He also emphasized that the subsistence level in Jordan is estimated at around 600 dinars, and those earning less than that are forced to borrow to cope with financial deficits. Moreover, he explained that rising rental costs, taxes, transportation fares, and increasing inflation rates are putting growing pressure on households. Unemployment currently stands at approximately 21%, and the middle class has shrunk by 90%, plunging into poverty. He called on the government and the Parliament to reform the tax system and stimulate economic growth, acknowledging that financial adaptation is the only solution for citizens to face living burdens amid the challenging global economic conditions.
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