The total Jordanian public debt increased by 11 percent to 33.4 billion dinars ($46.7 billion) during the first seven months of this year, compared to 30.07 billion dinars at the end of 2019, an increase of about 3.4 billion dinars (4.7 billion dollars).
The Jordanian Ministry of Finance revealed that public debt had risen to 107.9 percent until the end of last July. Statistics showed that Jordan's internal debt reached 18.9 billion dinars at the end of last July, while the external debt reached 14.5 billion dinars.
"Standard & Poor's" revealed the stability of the sovereign credit rating of Jordan, in the long and short term, in foreign and local currencies, at the level of "B + / B", with stable outlooks. The agency expects that the Jordanian economy will gradually recover next year from the effects of the Corona pandemic, and to achieve economic growth at a rate of 2.5% during the period (2021-2023), despite the global economic slowdown.
The agency stated that granting Jordan a stable outlook is due to several factors, the most important of which is the resilience of local and external funding sources that Jordan enjoys due to its strategic relationship with donor countries.
Source (Al-Araby Al-Jadeed Newspaper, Edited)
