Gross Public Debt in Lebanon Hit $80B in January 2018

According to the Ministry of Finance (MoF), Lebanon’s gross public debt reached $80.39B in the first month of 2018, up by 5.53% year-on-year (y-o-y). 

In details, local currency debt (denominated in LBP) constituting 61.98% of total gross debt rose by 3.83% y-o-y to $49.82B. Meanwhile, foreign currency (FC) debt, grasping the remaining 38.02%, increased by an annual 8.43% to stand at $30.57B.

In its turn, net public debt, which excludes public sector deposits at commercial banks and BDL, stood at $69.59B in January 2018, increasing by a yearly 6.52%.

Gross Public Debt in January (in $B)

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Source: MoF

 

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