Ministry of Finance: Public Debt at Critical Levels

تم نشره في Thu 30 June / Jun 2016. 12:00 AM
  • Minister of Finance Omar Malhas

AMMAN — The Ministry of Finance reviewed Jordan’s national, long term, structural reforms to face the multitude of challenges facing the Kingdom, after public indebtedness exceeded 94 per cent of the national gross domestic product (GDP). During a meeting with the Oxford Business group, Minister Omar Malhas, stressed that the Economic Reform programme is designed to reduce debt rate to 77 per cent of GDP by 2021, and said that external shocks have incurred a lot of damages to the Jordanian economy, especially since debts reached “critical levels, and that Jordan cannot continue down the same economic path”, and that a new economic model is necessary.