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Public debt down by JD244m in January

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(Photo: Envato Elements)
AMMAN — Jordan’s public debt dropped by JD244 million in January 2022, standing at JD28.519 billion, or 88.3 percent of the Gross Domestic Product, according to Ministry of Finance figures carried by the Jordan News Agency, Petra..اضافة اعلان
The ministry said in a press release on Tuesday that the decrease, excluding debt owed to the Social Security Investment Fund at the end of 2021, was due to securing treasury bonds worth JD311 million against JD175 million of new issuances, which led to a JD136 million decrease in domestic debt.

The payment of National Electricity Power Company dues and a decrease in bank facilities for the company and the Water Authority also led the debt to drop.

Furthermore, external debt went down by JD68 million due to the government paying some dues as well as a decline in the exchange rates against the US dollar.

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