October 6 2022 7:19 AM E-paper Subscribe Sign in My Account Sign out

Per capita share of public debt rises to JD3,113

JOD
(File Photo: Jordan News)
AMMAN — The per capita share of public debt has increased at the end of the first quarter of this year to approximately JD3,113, or 0.04 percent, compared to JD3,100 at the end of 2021, according to figures from the draft general budget law for next year, Al-Ghad daily reported.اضافة اعلان

The per capita share of public debt is calculated by dividing the Kingdom’s net public debt (without interest) over a specified period by the total number of the population; about 11.05 million people.

According to the Ministry of Finance, the net public debt at the end of the first quarter of this year amounted to approximately JD34.56 billion, compared to JD34.26 billion at the end of last year.

But if the debts of the Social Security Corp. Investment Fund are excluded, the net debt would amount to JD27.46 billion, bringing the per capita share of the debt to JD2,460, compared to JD2,470 last year.

As for the per capita internal debt at the end of the first quarter of this year, it rose to about JD1,127, compared to JD1,096 at the end of last year. Figures showed that the per capita external debt declined at the end of the first quarter of this year to about JD1,346 dinars, compared to about JD1,370 in 2021.

Since the beginning of last year, the Ministry of Finance has changed the methodology of calculating public debt, with the exception of debts from the Social Security Investment Fund, which amount to approximately JD7 billion.


Read more Business
Jordan News