Qatar joins lenders to Jordan with JD212 million
27-11-2024 03:03 PM
Ammon News - Ammon News- Ahmad Alhyari- Qatar has entered the list of lenders to Jordan after it has not been included in the financing budget tables in the general budget laws since at least 2017, reaching JD212.7 million by the end of last September.
Ammon monitored the tables of the existing balance of the external debt “budget and guaranteed” according to the lenders since 2017, so that the State of Qatar was not included in these lists, and was included in the draft budget of 2025.
Among the Arab countries on this list in the 2025 draft budget is Kuwait, with loans worth JD279.4 million at the end of September, compared to JD259.1 million last year.
Saudi Arabia also came next with a loan value of JD137.485 million recorded at the end of last September, compared to almost JD140 million recorded in 2023.
The UAE provided loans to Jordan worth JD201.71 million recorded during the current year until the end of September, compared to JD202.6 million for the year 2023.
It is noteworthy that the outstanding balance of external debt “budget and guaranteed” at the end of September, excluding what is carried by the Social Security Investment Fund (SSIF) from the beginning of the year to the end of last September, amounted to JD19.191 million, an increase of about 5% compared to the JD18.207 million recorded at the end of last year.
On the other hand, external debt service, i.e. interest, amounted to JD8.9 million during September 2024, while external installment payments amounted to JD108.5 million, according to the Ministry of Finance.