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AMMAN — Since taking workplace and
as much as the top of August 2022, the present authorities has borrowed JD1 billion
Social Safety Funding Fund (SSIF), information from the most recent Basic Authorities
Finance Bulletin revealed.
In line with the information, the federal government borrowed half a billion dinars in 2021. The opposite half a billion dinars have been
borrowed by a authorities bond within the first eight months of 2022.
Whole authorities debt owed to the SSIF
on the finish of August 2022 amounted to JD7.504 billion, Al-Mamlaka TV reported.
Historical pastIn 2018, the federal government’s debt to the
SSIF amounted to JD5.425 billion.
On the finish of 2019, it elevated by
JD690 million, reaching JD6.117 billion, and by the top of 2020, it rose by
JD415 million to JD6.532 billion.
In 2021, it elevated by JD470 million,
surpassing JD7 billion.
The money owed elevated within the first eight
months of 2022 by JD500 million, bringing the overall to JD7.504 billion.
CompensationFormer CEO of the SSIF and present
Minister of Funding Kholoud Saqqaf confirmed throughout an Financial system and
Funding Parliamentary committee assembly in 2022 that the federal government is
committedly and persistently repaying the fund.
Compensation, she added, is performed
instantly by the Central Financial institution of Jordan.
Secretary-Basic of the Ministry of Finance
Abdelhakim Shibli, throughout a press convention with the Minister of Finance in
November that the federal government’s debt owed to the fund was being repaid promptly.
He added that JD7.5 billion debt is
excluded from the calculation of complete public debt to maintain Jordan on par with
international locations that use an analogous statistical commonplace.
The monetary efficiency evaluate of the
SSIF on the finish of September 2022 revealed that the bond portfolio — which
signifies the quantity of debt owed by the federal government to the fund — amounted to
55.7 % of the overall belongings of the SSIF, which quantities to JD13.6 billion.
Learn extra Enterprise
Jordan Information
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