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Jordan News
5 days ago
- Business
- Jordan News
Jordan's Steady Fiscal Path: A Balanced Approach to Growth and Debt Management - Jordan News
Amid ongoing global and regional economic uncertainty, Jordan continues to make meaningful strides in strengthening its fiscal position and preserving macro-financial stability. Recent figures underscore the effectiveness of the government's disciplined approach to debt management, fiscal consolidation, and monetary stability — all of which reaffirm investor confidence in Jordan's economic trajectory. اضافة اعلان According to the latest data released by the Ministry of Finance, by the end of June 2025, Jordan's public debt (net of Social Security Investment Fund holdings) had declined to approximately JD 35.3 billion, bringing the debt-to-GDP ratio down to 91%, a gradual but important improvement from the 93% level recorded earlier in the year. This reflects the government's prudent debt strategy, which favors diversified, lower-cost financing tools such as sukuk issuance and concessional borrowing, while simultaneously reducing exposure to high-yield international debt markets during a period of elevated global interest rates. On the monetary front, foreign reserves remain solid at USD 22 billion, offering comfortable coverage of 8 to 9 months of imports, while gold reserves have expanded to JD 5.455 billion, highlighting the central bank's proactive reserve management in response to persistent geopolitical and economic uncertainties. In terms of real economic performance, the Jordanian economy continues to show signs of resilience. GDP growth reached 2.7% in the first quarter of 2025, supported by structural reforms aimed at enhancing competitiveness and stimulating private sector activity. Inflation remains contained at 1.98%, underscoring the credibility of the Central Bank's monetary policy framework. Nonetheless, external sector imbalances persist, with the current account deficit standing at 7.7% of GDP — highlighting the need for continued efforts to boost export capacity and reduce reliance on energy imports. At the policy level, Jordan has maintained a careful balance between fiscal responsibility and social stability under the leadership of His Excellency Prime Minister Dr. Jafar Hassan and his economic team. Recent government initiatives — including tax reductions on vehicles, expanded healthcare allocations, and full coverage for cancer treatment — reflect a pragmatic policy approach. These efforts aim to mitigate the social impact of reform while staying aligned with the broader objectives of the Economic Modernization Vision. On the international front, Jordan's reform progress continues to receive strong recognition. The International Monetary Fund (IMF) recently concluded its third successful review under the Extended Fund Facility (EFF), unlocking a cumulative USD 595 million in disbursements to date. The Fund has commended Jordan's commitment to sound macroeconomic policies, structural reform, and fiscal discipline — all designed to build resilience, accelerate growth, and enhance job creation. A Model of Measured Reform Jordan's current trajectory showcases a measured and credible model of fiscal consolidation and structural reform. Amid heightened global volatility, the Kingdom's ability to preserve monetary stability, improve debt dynamics, and maintain steady growth signals a policy framework rooted in resilience, discipline, and long-term strategic clarity — a framework that continues to reinforce Jordan's reputation as a reliable and stable destination for investment in an otherwise uncertain region.
Ammon
21-05-2025
- Business
- Ammon
Public debt rises to JD35.08 billion in Q1 2025
Ammon News - The government debt reached JD35.080 billion by the end of March 2025, equivalent to 91.5 percent of the estimated GDP, excluding holdings by the Social Security Investment Fund (SSIF). 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.
Zawya
01-05-2025
- Business
- Zawya
Jordan: Public debt reaches $63bln by February end
AMMAN — Jordan's total public debt reached JD44.804 billion by the end of February 2025, according to figures released by the Ministry of Finance. The figure includes debt owed to the Social Security Investment Fund (SSIF). The ministry reported that public debt now stands at 117.4 per cent of the gross domestic product (GDP). Debt to the SSIF rose to JD10.219 billion in February, up from JD10.110 billion in January, Al Mamlaka TV reported. In January alone, public debt increased by 0.8 per cent, climbing to JD44.509 billion from the level recorded at the end of 2024. The debt-to-GDP ratio also rose to 117.2 per cent in January, compared to 116.8 per cent in December 2024. © Copyright The Jordan Times. All rights reserved. Provided by SyndiGate Media Inc. (
Jordan Times
30-04-2025
- Business
- Jordan Times
Public debt reaches JD44.8 billion by February end
AMMAN — Jordan's total public debt reached JD44.804 billion by the end of February 2025, according to figures released by the Ministry of Finance. The figure includes debt owed to the Social Security Investment Fund (SSIF). The ministry reported that public debt now stands at 117.4 per cent of the gross domestic product (GDP). Debt to the SSIF rose to JD10.219 billion in February, up from JD10.110 billion in January, Al Mamlaka TV reported. In January alone, public debt increased by 0.8 per cent, climbing to JD44.509 billion from the level recorded at the end of 2024. The debt-to-GDP ratio also rose to 117.2 per cent in January, compared to 116.8 per cent in December 2024.
Ammon
30-04-2025
- Business
- Ammon
Public debt rises by JD44.8 billion by February
Ammon News - Jordan's total public debt rose to JD44.804 billion by the end of February of 2025, including the government's debt to the Social Security Investment Fund, representing 117.4% of Jordan's Gross Domestic Product (GDP). The government's debt to the Social Security Investment Fund rose to JD10.219 billion by the end of February, compared to JD10.110 billion by the end of January of 2025, according to the Ministry of Finance data.
