(MENAFN- Jordan News Agency) Amman, October 8 (Petra) -- Jordan's total domestic and external debt stabilized at 95 per cent of the Gross Domestic Product (GDP) by the end of August, compared with 95.1 per cent of GDP at the end of 2016.
The GDP grew by 2 per cent in this year's second quarter, compared to a 1.9 per cent growth in the same quarter last year, while it fell by 0.2 per cent to 2 per cent compared to 2.2 per cent for the first quarter of this year, according to data released Sunday by the Ministry of Finance.
The data showed that the total value of public debt amounted to JD27.020 billion, or 95 per cent of the GDP estimated for the end of August, compared with JD27.092 billion, or 95.1 per cent of the GDP at the end of 2016, noting that the debt of the National Electricity Company and the Water Authority amounts to about JD6.7 billion.
The ministry's monthly bulletin forecast that the total public debt to GDP ratio for the end of this year will remain at the same level of the end of last year at 95.1 per cent.
AF
8/10/2017 - 07:14:14 PM
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