According to a report released by Jordan’s Ministry of Finance (MoF), outstanding external public debt increased by JOD 735 million to JOD 7969.6 million or 31.1% of the projected GDP at the end of September 2014, compared to JOD 7234.5 million or 30.3% of GDP by end of 2013.
Total external debt service on cash basis reached JOD 261.8 million at the end of September 2014; of which JOD 246.2 million were principal payments and JOD 15.7 million were interest payments.
Net outstanding domestic debt rose JOD 653.8 million to JOD 12516 million or 48.9% of the projected GDP at the end of September 2014, compared to JOD 11862 million or 49.7% of GDP at the end of 2013. The growth was as a result of a rise in net outstanding domestic debt by JOD 980.7 million and a drop in net outstanding domestic debt by JOD 326.9 million.
Furthermore, the growth in net outstanding debt was mainly attributed to a rise in gross domestic debt by JOD 986 million and gross banks deposits by JOD 5.3 million at the end of September 2014.
Jordan’s net outstanding public debt added JOD 1398.1 million or 7.3% to JOD 20485.6 million or 80% of the projected GDP at the end of September 2014, compared to JOD 19096.5 million or 80.1% of GDP by end of 2013.
It is worth highlighting that the net outstanding public debt includes the National Electricity Power Company (NEPCO) accumulative cash deficit which reached around JOD 4.4 billion until August 2014.
Total external debt service on cash basis reached JOD 261.8 million at the end of September 2014; of which JOD 246.2 million were principal payments and JOD 15.7 million were interest payments.
Net outstanding domestic debt rose JOD 653.8 million to JOD 12516 million or 48.9% of the projected GDP at the end of September 2014, compared to JOD 11862 million or 49.7% of GDP at the end of 2013. The growth was as a result of a rise in net outstanding domestic debt by JOD 980.7 million and a drop in net outstanding domestic debt by JOD 326.9 million.
Furthermore, the growth in net outstanding debt was mainly attributed to a rise in gross domestic debt by JOD 986 million and gross banks deposits by JOD 5.3 million at the end of September 2014.
Jordan’s net outstanding public debt added JOD 1398.1 million or 7.3% to JOD 20485.6 million or 80% of the projected GDP at the end of September 2014, compared to JOD 19096.5 million or 80.1% of GDP by end of 2013.
It is worth highlighting that the net outstanding public debt includes the National Electricity Power Company (NEPCO) accumulative cash deficit which reached around JOD 4.4 billion until August 2014.
Source:
Mubasher
