The Economy of Jordan
Public Debt and the IMF
Jordan's public debt is above 90 per cent of GDP, and IMF-backed programmes have required tax reforms and subsidy cuts, causing protests.
A fiscal tightrope.
Debt
Debt exceeds 90 per cent of GDP.
IMF
Programmes require reforms and fiscal consolidation.
Protests
In 2018, tax reform proposals sparked mass demonstrations and the prime minister resigned.
Balance
Reform must balance debt control with social stability.
A tax bill
A draft income tax law provoked street protests.
Ignoring the political side of fiscal reform
Public support is essential.
Key takeaways
- Debt is very high.
- The IMF supports programmes.
- Reform provoked protests in 2018.
- Balance is needed.
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