Jordan’s Electricity Subsidy Estimated At $1.25Bn
The subsidy for electricity estimated at $1.25bn together with other transfer social payments has raised Jordan’s total debt by $2bn, Finance Minister Umayya Tuqan has told parliament. He estimated total internal and external debt has risen to 60% of GDP over the past two years. This has increased the cost of servicing debt to around $1.1bn from $635mn annually.
The country’s...