The Jordanian public debt rose dramatically at the end of the year 2020, reaching 10.6 percent to record 26.499 billion dinars (equivalent to $ 37.3 billion), compared to 23.9 billion dinars at the end of 2019, to make the public debt equivalent to 85.4 percent of the gross domestic product.
According to the Jordanian Ministry of Finance, the internal debt reached at the end of December 2020 a total of 12.78 billion dinars, while the external debt reached about 13.7 billion dinars, noting that the exchange rate of the dollar is equal to 0.709 dinars.
The new statistics come at a time when Jordan suffers from a shortage of natural resources and economic difficulties that have pushed it to rely heavily on foreign aid. Despite all of this, the government has set plans for economic recovery, meeting living demands and improving the investment climate.
In this context, the head of the Acting Investment Authority, Faridoun Hartouga, considered that Jordan is characterized by security and stability factors that constitute the main pillar for stimulating the investment environment and attracting investments in a way that contributes to the development of the economic situation.
Source (Al-Araby Al-Jadeed Newspaper, Edited)
