Finance Ministry pumps liquidity into local market

AMMAN — The Ministry of Finance on Sunday announced that it provided liquidity in the local market by amortising local bonds during the month of July with a value of JD513 million with the net domestic borrowing amounting to about JD338 million, the Jordan News Agency, Petra, reported.

The measures taken by the government come within the framework of implementing the public debt strategy in light of its efforts to ease pressure on local liquidity and diversify the available sources of financing, which led to a decrease in net domestic borrowing during the first seven months of 2021 compared with the same period of 2020, according to a ministry statement.

The ministry indicated that net domestic borrowing this year amounted to about JD638 million compared with about JD1461 million at the end of July 2020. On public debt, the ministry clarified that preliminary data until the end of last July showed a decrease in the public debt by about JD54 million to reach JD27.259 million.