Assessing the Sustainability of Jordan’s Public Debt

Zafiris Tzannatos and Ibrahim Saif

No 2308, FDL Policy Notes from CEPREMAP

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.

Keywords: Public debt; sustainability; Private sector; Social outcomes; Jordan (search for similar items in EconPapers)
Pages: 61 pages
Date: 2023-08
New Economics Papers: this item is included in nep-ara and nep-env
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Persistent link: https://EconPapers.repec.org/RePEc:cpm:notfdl:2308

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