Jordan to get new national accounting system

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An agreement has been signed to establish a sustainable national accounting system in Jordan.
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  • The aim of this initiative is for accounts and GDP figures to reflect the contributions of the informal sector
  • It is also expected to provide accurate details of the sub-sectors in accordance with the best international practices in this field

Jordan is about to get a new national system of accounting mechanisms and methodologies, official sources said on Thursday, October 21.

Minister of Planning and International Cooperation Nasser Shraideh signed an agreement with the Under-Secretary-General of the United Nations and Executive Secretary of the Economic and Social Commission for Western Asia, or ESCWA, Rola Dashti, in this regard, said the sources.

The agreement is expected to provide technical support to the Department of Statistics or DoS with the aim of developing the aforementioned system.

Shraideh said the aim of this initiative was also for these accounts and GDP figures to reflect the contributions of the informal sector, as well as to provide accurate details of the sub-sectors in accordance with the best international practices in this field.

The agreement is also expected to to enhance cooperation between the government and the ESCWA to build capacities to establish a sustainable national accounting system in Jordan, which ensures the continuity of issuing statistics in accordance with best international methodologies and guidelines.

The agreement is also said to include a contribution by the ESCWA to providing technical support for the implementation of a national project called Supporting the Department of Statistics’ National Accounts Statistics Compilation System.

Shraideh said the Jordanian government looks forward to developing its partnership with the ESCWA to support Jordanian efforts in economic and social areas, and to enhance technical cooperation between the two sides.

Dashti said this project would support the statistical structure in the country and strive to achieve sustainable development goals, and improve the quality of data for use in economic modeling processes to assess alternatives to economic and social policies.

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