Abstract
The purpose of this study was to evaluate the impact of the privatization program in Jordan on the final account of the state (actual revenues and expenditures), the study used the ratio of the size of the local revenues, the size of the grants, the size of the recovered loans, the volume of current expenditures, and the volume of investment expenditures to the size of the state budget for each year of study, the study is based on the financial data of the volume of revenues and actual expenditures of the State issued by the Ministry of Finance and the General Budget Department for the period of study. The methodology of the study is to calculate and compare the average of each indicator of study for ten years before the year of implementation of the privatization program and ten years after, t-test was used for independent samples. The study found that there is no statistically significant effect of the implementation of the privatization program on the size of the local revenues or on the size of the grants or on the volume of investment expenditures. However, the implementation of the program has a statistically significant impact on the size of recovered loan installments, and the size of the current expenditure.
 
 The results of the study indicate that the implementation of the privatization program in Jordan did not contribute to reducing the financial burden on the general budget. The study recommended that the implementation of the strategic programs and projects should be planned well and that the best practices and procedures are universally recognized in the implementation of these programs. And take into account all the factors that help these programs achieve their goals.
Highlights
Privatization in its current sense is a relatively recent phenomenon
Privatization is often one of the requirements of external financing institutions such as the International Monetary Fund and the World Bank which seek to improve the capacity of debtor countries to service their external debt through improving their sources of income and adjust their expenses and reduce the proportion of deficits in their budgets, and directly affects the final account of the state, which reflects the result of the actual implementation of the general budget compared to the general budget estimates and includes details of the actual revenues and expenditures for the previous year, and in Jordan it includes data on local revenues, grants and premiums on the revenue side, current expenditures and investment ijbm.ccsenet.org
This study aims to identify the impact of the implementation of the Privatization Program on the final account of the State in Jordan from the following aspects:
Summary
Privatization in its current sense is a relatively recent phenomenon. Its origins date back to the seventh decade of the last century, when America began privatizing some sectors, starting with the transport, energy, telecommunications and steel industries. Privatization is often one of the requirements of external financing institutions such as the International Monetary Fund and the World Bank which seek to improve the capacity of debtor countries to service their external debt through improving their sources of income and adjust their expenses and reduce the proportion of deficits in their budgets, and directly affects the final account of the state, which reflects the result of the actual implementation of the general budget compared to the general budget estimates and includes details of the actual revenues and expenditures for the previous year, and in Jordan it includes data on local revenues, grants and premiums on the revenue side, current expenditures and investment ijbm.ccsenet.org
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