Civil unrest, including demonstrations and “reactions on social media” have surfaced in the wake of a massive increase in the price of bread in Jordan, says a report in Joseph Farah’s G2 Bulletin.
But the food-cost problems the Middle East kingdom faces are not the result of famine, weather, crop disasters or shortages.
It’s because officials decided to no longer subsidize the product, leaving the market to decide the proper price.
The report comes from the Middle East Media Research Institute, which monitors media in the region.
MEMRI said that for years Jordan has been in economic crisis, “with a budget deficit and a large public debt.”
“Most of the revenue for the budget comes from aid in the form of grants from its allies, primarily the U.S. and Saudi Arabia, but these have been reduced in recent years.”
So it has been under pressure from the International Monetary