The economic and social effects of public debt "An analytical and applied study on Egypt".

Public debt forces governments to achieve economic growth, due to its impact on this growth, as it results from increased public spending, as well as being one of the ways to finance the state budget deficit. The continued budget deficit in the Egyptian economy has led to the continued growth of the size of public debt due to the continued borrowing process, whether local or foreign, and thus affects the economic development of the Egyptian state. In addition, the failure to analyze and predict global and unconventional financial crises leads to failure to achieve the efficiency of the general budget, which makes it vulnerable to continuous deficit؛ And thus, in order; therefore, public spending increases, and the government is forced to resort to borrowing to cover these expenses; and the above results in the inflation of the Egyptian state’s public debt, and thus, in the long term, negative effects occur on the standard of living, and an increase in the financial burden resulting from paying interest on the debt, leaving the basic needs of the needy at risk. Our research deals with analyzing the economic and social effects of public debt through the question that poses itself: Does the exacerbation of public debt hinder the process of economic development? It also deals with whether the Egyptian economic policy has adopted strategies in its budgets to manage public debt.