Khaberni - Referring to the state budget of previous years, we find that the rate of public debt is increasing as the public debt for 2023 reached approximately 1 billion and 800 million dinars, which negatively affected various public expenditure faces, especially capital expenditure. The capital expenditure allocation for 2022 was approximately 1 billion and 600 million dinars, and for 2023 it was approximately 1 billion and 400 million dinars. This situation requires swift intervention to salvage and encourage investments, particularly in vital sectors such as industrial, commercial, and tourism sectors. To reduce the value and service of public debt, we must focus on expanding the base of local production and increasing the gross domestic product in all sectors to revitalize economic activity and enhance purchasing power, which will positively reflect and reduce the value of foreign loans that burden the treasury, especially since the interest on these loans compounds year after year when not paid on the due date. Therefore, the government sometimes resorts to domestic borrowing from local institutions and banks to cover foreign loans and their interests.
The importance of encouraging investment and increasing the allocation for capital expenditure in the state budget necessitates the presence of specialists with high expertise and professionalism in preparing the general budget and allocating the funds in it. Necessary logistical and technical support must be provided to the Ministry of Finance to boost the national economy. It is important to note that these allocations are not merely figures on paper but are economic plans based on scientific and practical studies aimed at improving the financial and economic situation. It is known that the financial and economic situations are interconnected, each with its own distinct concept and different operations.
