Public debt hits JOD29.5bln by July

[9/21/2019 1:50:05 PM]

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.

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