Public debt rises to JD35.08 billion in Q1 2025
This figure marks an increase from JD34.178 billion recorded at the end of 2024, or 90.2 percent of GDP, and includes liabilities from the National Electric Power Company and the Water Authority totaling around JD8.8 billion.
According to the Ministry of Finance's monthly bulletin, the temporary rise in debt is primarily due to the government securing soft loans at "competitive" interest rates, which were deposited with the Central Bank of Jordan to repay Eurobonds maturing in June.
The external public debt (budget and guaranteed), excluding SSIF's holdings, reached approximately JD19.6 billion by the end of March equivalent to 51.2 percent of GDP compared to JD19.335 billion at the end of 2024.
Meanwhile, domestic debt stood at around JD15.4 billion, or 40.2 percent of GDP, up from JD14.8 billion (39.2 percent) at the close of last year.
In terms of servicing external debt, interest payments in March amounted to JD24.4 million, while principal repayments reached JD56 million.
On the fiscal performance front, total general revenues during the first quarter of 2025 amounted to JD2.163 billion, an increase of JD103 million (5 percent) compared to JD2.060 billion during the same period last year.
Additionally, total government expenditures went up to JD2.7 billion from JD2.488 billion, marking a rise of JD212 million (8.5 percent). This increase was driven by higher current expenditures (up JD147 million or 6.2 percent) and a significant rise in capital expenditures (up JD65 million or 65.2 percent).
These developments led to a fiscal deficit of JD537 million in the central government's budget after grants, compared to JD428.8 million during the first quarter of 2024.
Before accounting for grants, the deficit reached JD540.4 million, up from JD478.3 million for the same period last year.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Ammon
4 minutes ago
- Ammon
Talal Abu-Ghazaleh's companies suspended in Syria
Ammon News - The Syrian Minister of Finance decided to suspend the activities of Talal Abu-Ghazaleh and his companies in Syria due to his pro-regime stance and statements he made on the Emirati Al-Mashhad TV channel. Talal Abu-Ghazaleh supported the massacres of the fugitive regime, the minister stated.
Ammon
2 hours ago
- Ammon
Chrome will let you switch between personal and work accounts on iOS
Ammon News - Google is introducing the option to easily switch between personal and work profiles in its Chrome browser on iOS, with data kept separate between the two. The new option is part of Google's enterprise software package, and doesn't allow non-enterprise users to switch freely between two Google accounts in the browser. Companies that adopt Chrome Enterprise can let employees sign in to managed Google accounts on iOS and switch freely between their personal and work accounts within Chrome. Like on desktop, users switch by tapping their account icon and then selecting the other profile to browse with. Browsing data including tabs, history, and passwords will be kept separate between the two accounts, and IT admins will be able to access security reports and restrict browsing to certain sites while in the work profile. Android has no direct analog to this feature, but instead supports device-wide work profiles that cover the full suite of Google apps, including Chrome. This is presented as a different version of the Chrome app, and so unlike on iOS, Android users can't switch to a work profile from within Chrome itself. Chrome users are unable to switch freely between non-enterprise Google accounts on either mobile operating system, despite having the option on desktop versions of the browser. The Verge
Ammon
2 hours ago
- Ammon
13 investors obtain citizenship during Q2 of 2025
Ammon News - Minister of Government Communication and government spokesperson Mohammad Momani on Tuesday aid that 13 investors obtained Jordanian citizenship during the second quarter of 2025. The number of investors who obtained citizenship during the first quarter reached 17, with an investment volume of approximately JD32 million, providing approximately 600 Jordanian job opportunities.
