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Jordan’s public debt ratio to GDP “stable”, spending down

31 May 2017

(MENAFN) The kingdom’s public debt ratio to GDP was stable amid the Jan-March period of the year, while whole balance of public debt at the end of the cited period reached JOD26.5bn.

However, the first quarter of the year viewed a decline in total public spending by JOD12mn, or 0.7 percent, reaching to JOD1.75bn, compared to 1.76bn amid the same period of 2016.

In addition, local revenues increased by JOD51mn, reaching JOD1.5bn in the cited period of the year, whereas the volume of external grants received to support the budget fell to JOD50mn.

Meanwhile, sales tax profits increased amid the period to JOD706mn compared to JOD689mn in the same period of 2016, while non-tax revenues grew to JOD494mn.

MENAFN3105201700450000ID1095524427

MENAFN3105201700450000ID1095524427

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