Several Arab countries suffer from the rise of public debt, following years of political turmoil, which has affected negatively their economic performance. These countries also continue to suffer from the need to attract investments and reinforce productive capabilities.
Tunisia
Based on the reforms program adopted by Tunisia in the current time, in cooperation with the International Monetary Fund (IMF), the country aims at targeting the public debt to become 70 percent less than the GDP by 2020. Foreign currency debts represent the greatest burden on the Tunisian debt.
According to the IMF report, these debts are expected to reach 70.6 percent of the total debts in 2018.
Egypt
Egypt faces challenges of aggravating public debts, with a rise to 103 percent of the GDP in the fiscal year of 2017, according to estimates of the IMF. The fund raises hopes that debts drop to 86.7 percent in the fiscal year 2019.
Jordan
The total public debt reached at the end of January was around 95.6 percent of the GDP. According to figures published by the Jordanian ministry of finance, the public debt reached JOD27.44 billion (USD38.69 billion) in the end of January 2018.
Observers see that there is a strong connection between the ongoing leaps in the Jordanian public debt and the current conditions in the region, especially after the Arab Spring.
Required Taxation Reforms
Several Arab countries need to reinforce their taxation revenues as a substitute of borrowing to provide the government financial governments.
