Jordan's total public debt increased to 5% in 4 months

Published 2020년 6월 22일

Tridge summary

Between April 2020 and the end of the same year, Jordan experienced a notable increase in its public debt, reaching 31.39 billion dinars or 44.2 billion dollars, up from 30.07 billion dinars at the end of 2019. This growth has brought the total public debt to 101% of the country's gross domestic product. The debt is comprised of 18.93 billion dinars owed domestically and 12.4 billion dinars owed externally. Additionally, the report highlights a 1.1% decrease in bank deposits to 34.91 billion dinars and a 5.9% decrease in expatriate remittances to 800 million dinars, attributed to the impact of declining oil prices and the COVID-19 pandemic. Furthermore, the rate of inflation in May was 0.22%, with a core inflation rate of 1.33%, primarily driven by changes in transport, fuel, lighting, and certain food items, while prices in other categories fell slightly.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The total public debt due on Jordan increased to 5% during the first 4 months of this year, to reach 31.39 billion dinars (44.2 billion dollars), compared to 30.07 billion dinars at the end of 2019. Statistics published on Monday, June 22, showed that the debt The internal of Jordan reached at the end of last April about 18.93 billion dinars, while the external body during the same period recorded 12.4 billion dinars. The total public debt in Jordan constitutes 101% of the gross domestic product. Figures from the Central Bank of Jordan showed on Tuesday that the deposits of banks at the end of last April fell 1.1 percent to 34.91 billion dinars (49.2 billion dollars) compared to their level at the end of 2019. Jordanian banks' deposits amounted to 35.3 billion dinars at the end of 2019. The Central Bank of Jordan said on Sunday that expatriate remittances fell 5.9 percent in the first four months of this year to 800 million dinars ($ 1.128 billion) compared to the same period in ...

Source: Masralyoum