Jordan's foreign debt amounted to JD5.19 billion at the end of last August, a fall of 3.7 percent compared to the end of 2003, according to the monthly bulletin of the Finance Ministry, quoted by Petra. Despite this change, the foreign debts still form two thirds of Jordan's Gross Domestic Product (GDP).
The bulletin indicated that the internal debt was JD1.63
billion or 21.3 percent of the GDP for 2004.
According to figures of the ministry, Jordan's general debt
(external and internal) stood at JD6.78 billion at the end
of August compared to JD7.09 billion at the end of 2003, a decrease of 4.4 percent.
Jordan's general debt formed 88.5 percent of the GDP at the end of last August, while this used to form more that 100 percent at the end of 2003.
© 2004 Mena Report (www.menareport.com)
