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FinancialNews


  • 02-03-19

    Jordan hits nearly USD38b in public net debt

    (MENAFN) Jordan witnessed a surge in its net public debt while fiscal reforms are being implemented for the Jordanian economy to begin becoming stronger and improve significantly.

    Net public debt stood at USD37.9 billion in Jordan by the end of 2018, compared to results seen in 2017, to mark a 6 percent jump.

    Fiscal reforms are necessary in order to reduce debt that is extremely important to drive growth, affirmed Jordanian Prime Minister Omar al Razzaz.

    Al Razzaz stressed "the fundamentals of the economy are all starting to look better, the macro-economic and fiscal indicators are better."

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