Net public debt hits JD28.6 billion to end of February

10-04-2019 05:07 PM

Ammon News - AMMONNEWS - Jordan's net public debt amounted to JD28.6 billion to the end of February 2019, constituting 94.4 percent of the estimated Gross Domestic Product (GDP), compared to JD28.3 billion recorded in the same period of 2018.

A statement issued Wednesday by the Ministry of Finance showed that the National Electric Power Company (NEPCO) and the Water Authority indebtedness amount to about JD7.4 billion.

Net public debt reached JD27.2 billion at the end of February, representing 90 percent of the estimated GDP compared to JD26,9 billion representing 89.7 percent, according to the statement.

The external public debt, budgeted and guaranteed, fell by JD13.7 million to reach JD12073.9 million at the end of February, accounting for 39.8 percent of the estimated GDP, compared with JD12087.5 million at the end of February, representing 40.3 percent of the GDP by the end of 2018.

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