Jordan's public debt up to JD23.2bn by end of February

Jordan’s public debt reached JD23.168 billion by the end of February, according to official data.

The debt ratio to the gross domestic product (GDP) went up to 86.9 per cent during the first two months of 2016 from 85.8 per cent in the same period of 2015, the official figures indicated.

The figures released by the Ministry of Finance on Friday showed that the Kingdom’s external debt reached JD9.441 billion until the end of February, compared with JD9.390 billion by the end of 2015.

The external debt ratio to the GDP went up to 35.3 per cent by the end of February, while in 2015 it stood at 35.4 per cent, according to the ministry’s monthly report on the development of Jordan’s public debt.

The report showed that the domestic debt stood at JD13.7 billion by the end of February, constituting 51.5 per cent of the GDP.