Public debt down by JD244mln in January

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Home Jordan News Public debt down by JD244mln in January 12-04-2022 02:56 PM Ammon News - Jordan's public debt dropped by JD244 million in January 2022, standing at JD28.519 billion, or 88.3 per cent of the Gross Domestic Product (GDP), according to Ministry of Finance figures. The ministry said in a press release on Tuesday that the decrease, excluding debt owed to the Social Security Investment Fund at the end of 2021, was due to securing treasury bonds worth JD311 million against JD175 of new issuances, which led to a JD136 million decrease in domestic debt. The payment of National Electricity Power Company dues and a decrease in bank facilities for the company and the Water Authority also led the debt to drop. Furthermore, external debt went down by JD68 million due to the government paying its dues as well as a decline in the exchange rates against the US dollar.

Home Jordan News

Public debt down by JD244mln in January

12-04-2022 02:56 PM

Ammon News - Jordan's public debt dropped by JD244 million in January 2022, standing at JD28.519 billion, or 88.3 per cent of the Gross Domestic Product (GDP), according to Ministry of Finance figures.

The ministry said in a press release on Tuesday that the decrease, excluding debt owed to the Social Security Investment Fund at the end of 2021, was due to securing treasury bonds worth JD311 million against JD175 of new issuances, which led to a JD136 million decrease in domestic debt.

The payment of National Electricity Power Company dues and a decrease in bank facilities for the company and the Water Authority also led the debt to drop.

Furthermore, external debt went down by JD68 million due to the government paying its dues as well as a decline in the exchange rates against the US dollar.

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