Debt rates increase by more than 115%

AMMAN — Member of the Lower House Saleh Al-Armouti has warned that the internal lending from local banks might increase, adding that the lending rate reached 60 percent in addition to JD7 billion debts from the Social Security Corporation, according to Jo24.  اضافة اعلان

Armouti told Jo24 that the debt rate increased by more than 115 percent, which violates the general debt law that stipulates the debt rate should not exceed 60-70 percent of the Gross Domestic Product.

He pointed out that the real general debt is much higher than the number announced, indicating that the external debt exceeded 40 percent while internal debt exceeded 60 percent.

Read more National news
Jordan News