Global Arab Network | Public debt down - Jordan budget shows efficiency savings

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Public debt down - Jordan budget shows efficiency savings

Global Arab Network - - Mohammed Almasri

Tuesday, 18 May 2010 16:54

The Jordan public budget recorded JD18.2 million efficiency savings in the first quarter of 2010 compared with JD150 million deficit for the same period in 2009, official figures showed.

A Ministry of Finance report revealed on Tuesday that total spending significantly dropped by10. 6 percent to JD1.247 billion.

The report added that capital expenditures slumped by 48.4 percent to JD143.9 million compared with JD279 million for the same period in 2009, while current expenditures slightly declined by 1.1 percent, standing at JD1.103 billion compared with JD1.115 billion in the same period last year.

Foreign aid reached JD68.2 million and domestic revenues stood at JD1.197 billion, the report showed.

Public debt down
Jordan's public debt (external and internal) has slightly dropped by 0.7 percent in the first quarter compared with 2009, official data showed.

Figures by the Ministry of Finance revealed that the public debt comprises 54.4 percent of estimated gross domestic product (GDP) for 2010, which is projected at JD17.595 billion.

The external debt at the end of March amounted to JD3.864 billion, down by JD4 million and comprising 22 percent of estimated GDP, while the internal debt dropped by JD67.5 million, reaching JD5.726 billion and comprising 32.5 percent of estimated GDP for 2010.

JD 3,831 billion excess reserves at CBJ
The Central Bank of Jordan announced that the Volume of Excess Reserves, including overnight window deposits held at CBJ is JD 3,831 Billion.

The Volume of Required Reserves is JD 1,120 Billion, the bank added.

The Bank further said that Treasury Bonds issue number (05/2008) worth JD 103 million will be matured on 20/05/2010.

The Central Bank of Jordan(CBJ) announced that the amount of JD 100 million is the value of the new six months Treasury Bills.

On behalf of the Jordanian Government, CBJ opened bid of the 10th issue of Treasury Bills to banks, retirement and investment funds to be settled on 18/5/2010.

The Bonds issued for local and foreign investors will be matured on Nov 18, 2010, CBJ added.

Global Arab Network

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