Abstract: The debt problem, both internal and external, reflects the amounts that the state is obligated to borrow as a result of borrowing to finance the budget deficit and pledge to pay after a period and pay the interest of the debt balance according to the terms of its establishment. Internal and external debt represented about 76.44%, 23.56% of the public debt, respectively, during 2017, There is a reciprocal influence between the debt and its two parts and some of the macroeconomic variables such as the gross domestic product, exports, commodity and service imports ... etc, and it is clear through some indicators called indebtedness indices to judge the debt management efficiency in Egypt. The research problem lies first in increasing tide The intention and the consequent increase in the interest rate, inflationary waves, and low investments due to limited savings, and secondly, when the debt is related to some macroeconomic variables such as gross domestic product, commodity and service exports, total investment, savings, and total international reserves, where the debt ratio of these variables is estimated at 102.50%, 512.64%, 601.56%, 608.67%, 790.49% of the variables studied respectively during the period (2000-2017), about 99.19%, 418.65%, 538.33%, 495.12%, 529.96%, respectively, during the period (2000-2010), and about 107.95% 704.76%, 716.26%, 841.96%, 1481.77%, respectively, during the period (2011- 2017), and thirdly, the growth of the debt burden burden The debt service ratio for the above macroeconomic variables was estimated at 2.02%, 10.09%, 11.84%, 11.98%, 15.56%, respectively, during the first period, and about 2.19%, 9.24%, 11.88%, 10.93%, 11.70% Ali The arrangement during the second period, about 1.77%, 11.58%, 11.77%, 13.84%, 24.35%, respectively, during the third period, which necessitates the necessity of studying the debt both internally and externally and examining the burden of debt payments and its relationship to the macroeconomic variables in order to develop a mechanism to manage Religion, and the goal of research to study this during the period (2000-2017) through three axes, the first of which is the economic variables related to indebtedness in Egypt, and the second is an indication The indebtedness and measures of burden of payments and their implications in Egypt, and the third is the analysis of the impact of the debt on the studied variables, and the study recommended directing the debts resulting from borrowing to increase investments and expansion in the policy of transferring debts and increasing savings and commodity and service exports as a wall to block the benefits and installments of the external debt mainly for the state. [ABSTRACT FROM AUTHOR]
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