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Friday, June 27, 2008

Jordan external debt drops by 29.7% at end-April.





Jordan external debt drops by 29.7% at end-April. Jordan's external debt dropped by 29.7% to reach JOD 3.7bn (USD 5.2bn) at end-April, the Finance Ministry said in a statement. The debt reduction came as a result of the government's recent debt purchase agreement. This amount of debt represents 28.8% of the estimated GDP at the end of 2007. According the ministry figures, the balance of the domestic public debt (on the central budget and own budget basis) increased by 34% to JOD 3.9bn (USD 5.5bn) during the same period. Internal debt increase was due to the use of privatization revenues in the debt pay-back transaction, the ministry said.







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