Jordan: Public debt on the rise

Published January 4th, 2011 - 02:36 GMT
King Abdullah II of Jordan
King Abdullah II of Jordan

Data published by the Ministry of Finance of Jordan has indicated that the net public debt of the kingdom rose by the end of last October to reach US$ 15.5 billion. The rise is attributed to an increase in domestic debt.

According to the data, the total amount of debt accounted for 56.6% of GDP re-appreciation for the year 2010 compared to US$ 13.6 billion or approximately 54.2% of GDP for the year 2009, say an increase of 2.8%. Data showed the net balance of domestic debt at the end of October was US$ 9.82 billion against US$ 8.19 billion at the end of 2009. 

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