The total domestic and external debt of Jordan rose by 0.7% on a monthly basis in January.
According to the data released by the Ministry of Finance in Jordan, the public debt amounted to 28.531 billion dinars ($40.228 billion) in January, a 94% of GDP. The public debt amounted to about 28.308 billion dinars (39.914 billion dollars) at the end of 2018.
The statistics also revealed the rise of the net public debt on Jordan at the end of January by 0.5% to reach 27.033 billion dinars ($38.1 billion), compared with 26.9 billion dinars at the end of 2018, of which the net domestic debt was 14.9 billion dinars and the foreign debt was 12.05 billion dinars. The Jordanian public debt is 89.1% of GDP.
Jordan's public debt ratio of 94 percent is considered high according to international financial standards, and the government plans are fully based on reducing this ratio.
Source: (Asharq Al-Awsat newspaper, Edited)
