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Assessing the Sustainability of Jordan’s Public Debt

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  • Tzannatos, Zafiris
  • Saif, Ibrahim

Abstract

This paper examines debt sustainability in Jordan. For now, debt sustainability seems feasible for the next three to four years, but in the future, it will depend on how quickly, consistently, and effectively the reforms will be pursued and whether there will be any adverse external shocks. We conclude that the right policy mix to reduce the debt-to-GDP ratio should focus on policies that promote economic growth, rationalize – not necessarily reduce – public expenditures, raise revenues in a non-regressive way, and take into account several implicit liabilities such as those arising from the pension system and climate change adaptation measures.

Suggested Citation

  • Tzannatos, Zafiris & Saif, Ibrahim, 2023. "Assessing the Sustainability of Jordan’s Public Debt," FDL Policy Notes 2308, CEPREMAP.
    • Handle: RePEc:cpm:notfdl:2308
    as

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    File URL: https://findevlab.org/wp-content/uploads/2023/11/FDL_ERF_Jordan_Paper.pdf
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    References listed on IDEAS

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    1. Mendoza, Enrique G. & Ostry, Jonathan D., 2008. "International evidence on fiscal solvency: Is fiscal policy "responsible"?," Journal of Monetary Economics, Elsevier, vol. 55(6), pages 1081-1093, September.
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    3. Ragui Assaad & Caroline Krafft & Irene Selwaness, 2022. "The Impact of Marriage on Women's Employment in the Middle East and North Africa," Feminist Economics, Taylor & Francis Journals, vol. 28(2), pages 247-279, April.
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    5. David Cuberes & Marc Teignier, 2012. "Gender Gaps in the Labor Market and Aggregate Productivity," Working Papers 2012017, The University of Sheffield, Department of Economics.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Public debt; sustainability; Private sector; Social outcomes; Jordan;
    All these keywords.

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