Al-Masri: A decrease in municipalities’ indebtedness by 400 million dinars

Al-Taj News – The Minister of Local Administration, Engineer Waleed Al-Masri, revealed a decrease in the indebtedness of municipalities in various regions of the Kingdom from about 670 million dinars to 270 million dinars, by approximately 400 million dinars.

During his patronage of a heritage festival in the Bani Obaid area in Irbid, he said that among the 400 million by which the value of the municipalities’ debt decreased is about 160 million in interest for the Cities and Villages Development Bank.

He indicated that the Bani Obaid Municipality is indebted with an amount of 17 million dinars, while the indebtedness of the Greater Irbid Municipality reached 50 million dinars, stressing that these figures exist in the Development Bank.

He pointed out that the municipality is the closest place to the citizen, the closest link of communication with the citizen, the first development unit in Jordan’s developmental building, and the place where the citizen feels most that it is their second home.