Public debt hits JOD29.5bln by July


21-09-2019 01:50 PM

Ammon News - AMMONNEWS - Jordan's public debt reached JOD29.508 billion at the end of July comprising 94.4 percent of estimated Gross Domestic Product (GDP) for the same period, against JOD28.308 billion in the same period last year.

In a monthly bulletin issued Saturday, the Ministry of Finance said the rise in the country's public debt was primarily driven by loans secured to offset the budget deficit, in addition to the government-guaranteed loans for the National Electricity Power Company (NEPCO) and the Water Authority.

The net public debt amount to JOD28.249 billion or 90.3 percent of GDP in the reporting period compared with JOD26.9 billion or 89.7 percent of GDP in the same period of 2018, the data showed.

External debt reached JOD12.505 billion by the end of July while domestic debt amounted to JOD15.744 billion, the figures indicated.




  • no comments

Notice
All comments are reviewed and posted only if approved.
Ammon News reserves the right to delete any comment at any time, and for any reason, and will not publish any comment containing offense or deviating from the subject at hand, or to include the names of any personalities or to stir up sectarian, sectarian or racial strife, hoping to adhere to a high level of the comments as they express The extent of the progress and culture of Ammon News' visitors, noting that the comments are expressed only by the owners.
name : *
email
show email
comment : *
Verification code : Refresh
write code :