CBJ’s budget drops by 1.2% in January

(File photo: Ameer Khalifeh/Jordan News)
AMMAN  — The Central Bank of Jordan budget (assets and liabilities) declined to JD17.45 billion, marking a drop of 01.2 percent, or JD224.4 million, in January, compared to its level at the end of 2021, according to data released by the CBJ and carried by Al-Ghad. اضافة اعلان

The CBJ’s budget at the end of last year amounted to JD17.68 billion; foreign assets declined by 0.6 percent in January, amounting to JD14.18 billion compared to JD14.26 billion at the end of 2021.

However, since the end of last year until January, local assets dropped by 4 percent, reaching JD3.27 billion, including debts on private and public sector, financial institutions, and the total of other factors included in the monetary survey carried by the CBJ.

The public sector debts reached JD893.4 million in January, marking a drop by 0.7 percent compared to the JD899.7 million recorded at the end of 2021.

Meanwhile, licensed banks’ debts declined by 1.7 percent and stood at JD770 million in January, which is a stable value in comparison to that at the end of 2021.

Likewise, private sector debts dwindled from JD22.5 million at the end of 2021 to JD21.9 million in January this year.

The central bank noted that the financial institutions have recorded the highest debt value since 1998.

The bank’s data showed that the export cash witnessed a slight decline from JD6.83 billion to JD6.81 billion during the same period.

Foreign liabilities dropped to reach JD1.32 billion in January compared to JD1.33 billion in the end of 2021. Foreign liabilities include deposits of international institutions and authorities in addition to the reserve deposits.

Central government deposits also declined by 8.5 percent, amounting to JD516 million compared to JD565.1 million at the end of 2021.

Read more Business