Jordan’s public debt increases to reach almost 102% of GDP — ministry

By JT - Jun 23,2020 - Last updated at Jun 23,2020

AMMAN — Jordan’s total public debt increased during the first third of 2020 by JD1.318 billion to reach 101.7 per cent of the Kingdom’s estimated GDP. According to the Ministry of Finance’s monthly report, the total public debt amounted to JD31.394 billion through the end of the first third of2020, while it amounted to JD30.076 billion at the end of 2019; 96.7 per cent of the gross domestic product for that year.

The Kingdom’s GDP reached JD31.99 billion during 2019, the Jordan News Agency, Petra, reported. The ministry report, issued on Monday, indicated that after excluding the Social Security Investment Fund’s debts, the total public debt stands at JD24.8 billion, or 80.5 percent of the GDP.

The report indicated that the total external public debt increased at the end of the first third of 2020 by approximately JD122 million to reach JD12.460 billion, while the internal public debt increased by JD1.196 billion to reach about JD18.934 billion.

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