,
Monday, 17 May 2021 11:03 GMT

Tunisia, Egypt, Jordan suffer rise in public debt


( MENAFN ) An increase in public debt was revealed to have hit a number of Arab countries after suffering in economic performance as a result of political conflicts.

Tunisia was confirmed to be predicting its public debts to settle at 70.6 percent within this year, with an objective to hit 70 percent less than the GDP by 2020.

Egypt has also suffered with an increase in debts as it reached 103 percent of the GDP in the fiscal year of 2017, with the country seeking to record a decrease to 86.7 percent by 2019.

Jordan, among the countries suffering for an increase in debts, reached 95.6 percent of the GDP by the end of January, hitting USD38.69 billion.

MENAFN0204201800450000ID1096682541


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.

Authors_Square_PromoteArticle_Ink2019
Wear It Live: Wearable Tech for People with Disability