Public debt hovering around the same figure

AMMAN — Jordan’s public debt dropped slightly during the first eight months of 2016, as it represented 93.3 per cent of the gross domestic product (GDP), put at JD27.46 billion, compared with 93.4 per cent of the GDP at the end of 2015, the Finance Ministry reported on Tuesday.

The debts of the National Electric Power Company and the Water Authority of Jordan amounted to JD6.7 billion of the overall public debt, totalling JD25.625 billion at the end of August, according to the ministry’s monthly bulletin.

At the end of August, post-aid budget deficit dropped to JD370 million compared to a JD555.4 million deficit in the same period in 2015, according to the Jordan News Agency, Petra.