Business & Money | Monday 1 July, 2019 11:16 am |

Moody's said Jordan's stable credit rating (B1) would become more flexible with the resumption of financial consolidation this year and proposed structural reforms.

 

The resumption of fiscal consolidation is expected to put Jordan's public debt ratio on the path of gradual decline, while structural reforms aim to reduce unemployment and increase growth

 

In a recent report, Diaz indicated that the fiscal consolidation of 2018 would be halted, with the overall deficit rising due to social spending pressures, but the agency expected Jordan to resume the process this year and in 2020.

 

The Jordanian public debt ratio was gradually declining and in a downward trend .