High total Jordanian Government Debt

  • Amman, Hashemite Kingdom of Jordan
  • 24 August 2020
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The total debt of the Jordanian government at the end of May reached 32.02 billion dinars, accounting for 101.2 percent of the estimated GDP for the month of May, compared to 30.08 billion dinars at the end of 2019, or 95.2 percent of the gross domestic product.

According to the Jordanian Ministry of Finance, the volume of central government debt reached 25.350 billion dinars, or 80.1 percent of the gross domestic product, compared to about 24 billion dinars, or 75.8 percent of the gross domestic product.

The data on the outstanding balance of the external debt at the end of May showed an increase by 402.1 million dinars, to reach 12.74 billion dinars, or 40.3% of the estimated gross domestic product for that month, compared to 12.34 billion dinars at the end of 2019, or 39 percent of output GDP for last year. While the total external debt (budgeted and guaranteed) at the end of last May was 12.373 billion dinars, or 39.1% of GDP, compared to 11.970 billion dinars at the end of last year, or 37.9% of the gross domestic product for the year 2019, after an exception what the social security investment fund holds.

Source (Ad-Dustour Jordanian newspaper, Edited)