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Home Middle East

Jordan Reduces Debt by 2.425 Billion Dinars

September 19, 2024
Jordan Reduces Debt by 2.425 Billion Dinars

Someone is counting money for Jordanian dinar. Image Courtesy: Getty Images

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Jordan’s Ministry of Finance reported that the government has paid off 2.425 billion dinars in debt since the beginning of the year through the end of July.

During the same period, the government paid 712 million dinars in interest on loans, which were financed through treasury bonds and bills.

The government also issued 3.450 billion dinars worth of treasury bonds and bills in 2024 up until July. Despite these repayments, Jordan’s total public debt, including debt owed to the Social Security Investment Fund, rose to 43.083 billion dinars, representing 115.8% of the country’s GDP.

The debt owed to the Social Security Investment Fund reached 9.564 billion dinars by the end of July

Tags: Jordan
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