Jordan's Net Public Debt rose by 4.6 percent

  • Amman, Hashemite Kingdom of Jordan
  • 7 September 2018
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Jordan's net public debt rose by 4.6 percent accounting for 26.6 billion dinars ($ 37.5 billion) in the first seven months of 2018, compared to 25.4 billion dinars at the end of 2017.
Jordan's net domestic debt reached JD14.97 billion at the end of July, while external debt reached JD11.63 billion, according to figures released by the Ministry of Finance. Jordan's net public debt accounts for 91% of the country's GDP, while net domestic debt accounts for 51.2% of GDP and net foreign debt, for 39.8%.
According to the data from the Jordanian Ministry of Finance, the ratio of foreign reserves to foreign debt fell to 65.1% in July 2018 from 73.2% in July 2017. The ratio of interest on public debt to actual public revenues during the same period increased from 11.5% to 13.8%, and the total public debt service to the actual public revenue increased from 21.1% to 24.4%.

Source (Al-Sharq Al-Awsat newspaper, Edited)

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