Budget Deficit at JOD192m, Debt up JOD459m in Q1-2017

تم نشره في Thu 11 May / May 2017. 12:00 AM
  • Ministry of Finance Amman - (Archives)

AMMAN — Jordan's budget deficit stood at JOD192 million by the end of the first three months (Q1) of the year 2017, compared to JOD174 million in Q1-2016, according to the monthly bulletin of the Finance Ministry.

Data from the Ministry’s bulletin also shows public debt, in Q1-2017, has increased by JOD459.4 million, toJOD26.5 billion, or 95.1 per cent of the projected GDP.

Debt incurred by the National Electric Power Company (NEPCo) and the Water Authority (WAJ), stood at JOD7.6 billion.

Net domestic debt, by end of March, 2017, including that of independent government agencies, stands at JOD13.95 billion, compared to JOD13.78 billion, by Q4-2016.

Excluding foreign grants, the budget deficit amounted to JOD242 million compared to a deficit of JOD305 million during same period of 2015.

Total revenues and grants amounted to JOD1.563 billion during Q1-2017 compared to JOD1.593 billion during same period of 2016, reflecting a decline of 9.1 per cent.

Foreign grants amounted to JOD50 million while domestic revenues stood at JOD1.513 billion.