AMMAN —AlGhad— The overall value of treasury bonds and bills issued by the government to finance its deficit has increased by 13.2 per cent since the beginning of the year 2018, from 1.6 billion for the same duration in 2017 to JOD1.8 billion as of Friday, June 7, 2018.
Notably, the issuance of bonds and bills has declined by JOD1.44 billion in 2017, approximately 52 per cent, from 2016’s JOD4.21 billion.
Jordan’s public debt remains significantly high.
During the first four months of 2018, Jordan’s public debt has increased to JOD14.481 billion from JOD13.568 in the end of 2017, by about 6.7 per cent.
The government has been trying to minimise its reliance on domestic debt instruments in favour of Eurobonds and international credit. However, it seems the government is having troubles maintaining the policy.
Eurobonds are issued at a value of one billion US dollars each, at 7.375 per cent interest and a 30-year maturity.