The ill-considered expansion of the public expenditure over the past years, especially consumer consumption, which accounts for more than 95% of public spending. It is expected that it will exceed 61 billion dinars in the year 2023, including 41 billion dinars for fuel subsidies, which has grown remarkably and depletes approximately 8.5 billion dollars annually. Not to mention the other subsidy expenses directed directly to the electricity sector at a value of 40 billion dinars, bringing the total direct and indirect subsidy expenses to 102 billion dinars annually. Imbalance, distortion, and mismanagement in fuel subsidiesOne wonders how Chapter Four expenditures jumped from 20.8 billion dinars, including Hydrocarbon subsidies in 2021, to 61 billion dinars in 2022. This is especially considering the decline in the volume of expected revenues for 2024, to the level of 115 billion dinars according to the estimates of the National Oil Corporation, and 5 billion dinars in other sovereign revenues, with a total of 120 billion dinars.
