Jordan’s budget tightens for 2nd month

Mubasher: The Central Bank of Jordan (CBJ) reported on Thursday a drop in its budget to JOD 14.78 billion in October 2015, compared to a JOD 15.06 billion in the previous month.

The bank’s budget, however, rose by 5.3% in the first 10 months of this year, versus JOD 14.03 at the end of 2014, according to the figures released by the central bank.

The 10-month rise is attributed to 8% higher value of foreign assets in the January-October period  to JOD 13.12 billion y/y, as well as a 13.4% decline in the public-sector debt to JOD 1.012 billion, compared to JOD 1.169 billion in the same period of 2014.

Meanwhile, the domestic assets value slipped 11.8% to JOD 1.66 billion, compared to the numbers reported at the end of last year.

The currency issued rose by 5% to JOD 4.38 billion for the period, also dinar deposits increased by 11.5 to JOD 7.3 billion. Foreign liabilities plummeted by 16% by the end of October to reach JOD 1.005 billion, versus JOD 1.19 billion by the end of last year.  

 

 

Mubasher Contribution Time: 19-Nov-2015 08:13 (GMT)