Jordan’s public finances a cause for concern

Jordan’s public finances deteriorated sharply last year and fiscal consolidation is needed to put the debt position back on a sustainable footing. Sticking to austerity may prove difficult given the economic and political backdrop and the composition of Jordan’s debt is also a cause for concern. But the likelihood of financial support from the Gulf and Western allies mitigates the near-term risk of default.
James Swanston Middle East and North Africa Economist
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