This paper is organized as follows: the first section provides an overview of the draft general
budget for 2015 and an analysis of estimated revenues and expenditures, through comparing
them with the re-estimated figures for 2014. The second section then discusses the effects of
oil price on the Jordanian general budget. It first provides a historical glimpse of this effect, and
then analysis the effects of the most recent dive in oil prices on the draft budget for 2015 and
quantifying these effects. The third and final section provides an overview of NEPCO’s losses
and the implications involved. It also provides alternative scenarios to show that the savings
that would have been made if certain energy projects were implemented in the proper time.