Jordan's domestic revenues rose by approximately JD224.1 million in the first five months of 2025, reaching JD4.067 billion compared to JD3.843 billion for the same period last year, according to public finance data.The country's public debt stood at JD35.8 billion in May 2025, accounting for 92.7 percent of the gross domestic product. The temporary rise in public debt was attributed to budget deficit financing, as well as covering the losses of the National Electric Power Company and the Water Authority. It also reflected exceptional external financing measures, including concessional loans totaling $1 billion from friendly nations in March and April and the issuance of Islamic sukuk at a competitive interest rate of 4.8 percent. These steps aimed to reduce interest payments, ease fiscal pressure, and fund capital projects.The $1 billion in loans was deposited at the Central Bank of Jordan and factored into public debt figures by the end of May. However, the government repaid a $1 billion Eurobond in June without issuing a new one, avoiding higher borrowing costs that could have reached 9 percent under current global and regional economic conditions.The public debt is expected to decline to around JD35.3 billion by the end of June, with the debt-to-GDP ratio excluding the Social Security Investment Fund’s holdings falling to approximately 91 percent. (ICE AMMAN)

Fonte notizia: petra news