Gross Public Debt Rose to $74.89B by December 2016

According to the Ministry of Finance, Lebanon’s gross public debt ended the year with a 6.51% yearly rise to stand at $74.89B by December2016, the equivalent of 144% of GDP.

In details, debt in local currency, LBP, grasping 62.47% of the total gross public debt, grew by 8.18% y-o-y to $46.79B and debt in foreign currency increased by 3.83% y-o-y to $28.10B by December 2016.

In its latest consultation for Lebanon, the IMF reiterated the need for Lebanese policy makers to put debt back on a downward, more sustainable path. The IMF noted that if no fiscal adjustments are made, the financing of the public debt will crowd out much needed public investments and social spending.

 

Gross Public Debt ($M)

Gross Public Debt Rose to $74.89B by December 2016

Source: MoF

 

 

 

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