Deputy Armouti criticizes Jordan’s relations with IMF

MP Saleh Al-Armouti  صالح العرموطي
Deputy Saleh Al-Armouti. (File photo: Jordan News)
AMMANDeputy Saleh Al-Armouti criticized the government's move to agree on a new economic program with the International Monetary Fund (IMF), stating that the IMF represents a new form of colonization as it dominates political decisions and interferes in the management of a country's affairs.اضافة اعلان

Armouti told Jo24 News that the government is borrowing for spending purposes rather than investment, which has contributed to the slowdown and decline of the national economy, resulting in increasing the debt to JD39 billion. This has pushed the debt level to exceed 115 percent of the Gross Domestic Product (GDP), confirming that the government is violating the Public Debt Law, which allows the debt to reach 60 percent of the GDP at its maximum.

Overspending and debt cycles
He emphasized that the policies pursued by successive governments constitute a real disaster for the economy and the country, as the size and manner of spending make it seem like the country is living in an oil-rich state.

He pointed out that many countries in the world have abandoned the International Monetary Fund and have created comprehensive economic revitalization that has had a positive impact on their citizens.

Armouti sounded the alarm about renewing the agreement with the IMF, especially with the continued issuance of debt bonds to pay off the interest on loans to the Paris Club and the IMF. This has become a heavy burden on the state treasury.

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