Jordan's local revenues rise by 224.1 million JD in early 2025

Jordan's local revenues increased by 224.1 million Jordanian Dinars ($315 million) during the first five months of 2025, reaching 4.067 billion dinars, up from 3.843 billion dinars in the same period last year, according to recent data.

Regarding public debt, figures show that the total public debt in May 2025 stood at approximately 35.8 billion dinars, equivalent to 92.7% of the Gross Domestic Product (GDP).

This temporary rise in public debt is attributed to financing the budget deficit and covering losses incurred by the National Electric Power Company and the Water Authority. Additionally, Jordan received $1 billion in concessional loans from friendly nations during March and April.

The government also issued Islamic sukuk at a competitive interest rate of 4.8% to reduce interest payments, alleviate financial burdens, and fund capital projects.

The government said that the $1 billion received as a loan was deposited into the Central Bank of Jordan, contributing to the public debt balance until the end of May. Notably, a $1 billion Eurobond was repaid in June without issuing new bonds, which could have carried interest rates as high as 9%.

The public debt balance is projected to decrease to approximately 35.3 billion dinars by the end of June 2025. Furthermore, the debt-to-GDP ratio is expected to fall to around 91% when excluding holdings by the Social Security Investment Fund.