The Evolution of Jordan's Public Debt & Its Management’s Strategy for the Years (2010-2014)

Abstract

This study aimed to identify the size of the Jordanian public debt and its increase during the period (2010-2014) and its management’s strategy. To reach this goal, the study has been divided into four sections, the first section deals with the concept of public debt, and the second one reviews the classification of public debt, while the third one offers a presentation of the indicators of public debt’s size and the rate of its growth and components. The study concludes with a review of public debt management‘s strategy through analysis of legal texts which dealt with its management’s strategy.

The study found that the period 2010-2014 witnessed significant developments in the size of the public debt as public debt increased by 80%, indicating that the public debt in Jordan tends to increase not decrease despite the existence of a strategy for the management of public debt in Jordan through a defined special law.