24 Hrs
Source:
وكالة عمون الاخبارية
Amman’s Financial Strategy Focuses on Debt and Value
The article discusses the causes and challenges of the financial situation of Greater Amman Municipality, focusing on the rising debt, which reached one billion dinars according to statements from Nissan 2026, and a budget deficit estimated at 46.5 million dinars for 2025. It also highlights that loan interest expenses account for 23% of total revenues. The article reviews efforts toward financial reform, including the issuance of sukuk worth 400 million dinars to reduce borrowing costs, alongside the need to review asset management, improve revenue collection, and tighten borrowing conditions to ensure financial sustainability. It emphasizes the importance of asset management, contract analysis, collection processes, and expenditure oversight to ensure that efficiency and accountability become integral to financial justice and sustainable development for the city of Amman.
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