Algeria –A recent report issued by the International Monetary Fund revealed a clear disparity in the levels of public debt between a number of Arab countries, highlighting the financial challenges faced by some economies that rely heavily on energy revenues, most notably Algeria.
According to the data contained in the report, Gulf countries such as the United Arab Emirates, Qatar, Kuwait, and the Sultanate of Oman, in addition to Mauritania, are candidates to maintain public debt levels described as manageable by the year 2030, thanks to their financial reserves or the relative diversification of their economic resources.
On the other hand, the upward trajectory of debt in Algeria raises increasing concerns about the sustainability of financial balances, especially in light of the national economy’s continued dependence on hydrocarbon revenues, and the associated direct impact on fluctuations in oil and gas prices in global markets.
The report indicated that this situation may lead to a shrinking of the state’s financial maneuvering margin, at a time when the authorities are facing pressures related to rising public spending and increasing social and economic requirements.
This regional disparity revives the debate on models of economic governance and public finance management, especially with regard to the ability to achieve a balance between the requirements of growth and social stability on the one hand, and maintaining financial indicators at stable levels on the other hand.
In the same context, Morocco stands out among the countries that adopt an economic approach based on diversifying the production base, enhancing investment attractiveness, and continuing structural reforms to improve financial balances and reduce dependence on traditional sectors.
Observers believe that the future of financial sustainability in the region will not only be linked to the size of public debt, but also to the ability of countries to build more diversified economies and achieve sustainable growth away from the fluctuations associated with energy markets.
Source:“My press”
صحافة بلادي صحيفة إلكترونية مغاربية متجددة على مدار الساعة تعنى بشؤون المغرب الجزائر ليبيا موريتانيا تونس