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2027 Debt Deficit Plan
The 2027 budget estimates the deficit after grants at around JD 2.026 billion, JD 34 million lower than the 2026 revised estimate, with the deficit-to-GDP ratio falling from 4.5% to 4.2%. The primary deficit is put at JD 450 million, while interest payments on the debt rise to JD 2.36 billion. The deficit after grants is projected to decline to JD 1.947 billion in 2028 and JD 1.764 billion in 2029. Over the same period, the primary balance is expected to shift from a deficit of JD 193.8 million to a surplus of JD 127.3 million in 2029. The article cautions that a shrinking deficit does not necessarily mean the debt stock will fall. Easing debt pressures requires growth in domestic revenues, disciplined spending, and faster economic growth.
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