Khaberni - The economic expert Munir Dieh revealed that the Jordanian individual's share of the debt has reached about 5,500 dinars since birth, noting that the state's general indebtedness is expected to reach 48 billion dinars by the end of this year, representing about 120% of the Gross Domestic Product.
Dieh said that the increase in public debt exacerbates the financial burden on the national economy, indicating that the current government will end the year with the highest borrowing rates compared to previous governments, after the debt increased by about 4 billion dinars in just one year.
He explained that the rise in public debt requires the adoption of new economic policies, based on controlling public spending and fighting corruption, and enhancing investment and production instead of borrowing to cover current expenses. Dieh pointed out that servicing the public debt has become a heavy burden on the public budget, as it exceeded 3 billion dinars annually, negatively reflecting on the citizens' living through increased taxes and prices in the sectors of water, electricity, education, and health.
The economic expert confirmed that the solution is not with pledges or promises, but through a clear economic plan aimed at reducing public debt and its ratio to the Gross Domestic Product, with the necessity to raise economic growth rates to more than 5% annually and investing in available natural resources, to ensure that the indebtedness does not continue to escalate, burdening both the state and the citizen.
