Nevertheless, paying 2.151 billion dinars in debt over seven months reflects the government's continued fulfillment of its obligations, which is important in managing public finances and maintaining the state's regularity in meeting its commitments, especially in light of the current economic and regional circumstances.
But the other side of the story is no less important, which is the cost of debt. Interest on treasury bonds and bills reached about 876 million dinars during the first seven months of the year, which means that debt service consumes a significant portion of financial resources, making reducing borrowing costs, extending maturities, and improving debt portfolio management goals no less important than repaying the principal of the debt itself.
The government is therefore facing a delicate financial equation; it borrows, repays, pays interest, and at the same time tries to deal with the deficit, expenditures, and economic challenges. Therefore, success in this equation is not measured by the volume of borrowing alone, nor by the volume of debts extinguished, but by the government's ability to manage debt efficiently and keep its cost within sustainable levels.
In conclusion: The government is repaying its debts, and this is clear in the numbers, but the biggest challenge is for this repayment, in parallel with controlling the deficit, improving revenues, and enhancing economic growth, to turn into a sustainable path that eases the debt burdens on public finances in the coming years. The issue, in the end, is not just how much the government borrowed and how much it repaid, but how it manages the debt, how much its service costs, and where its balance is heading in the coming years.
