Gross Public Debt Up to $81.5B in February 2018

According to the Ministry of Finance (MoF), Lebanon’s gross public debt reached $81.5B in the second month of 2018, thereby recording an annual uptick of 7.08% and a 1.41% uptick from January 2018’s level.

In details, local currency debt (denominated in LBP) constituting 62.5% of total gross debt rose by 6.56% year-on-year (y-o-y) to $50.9B. Meanwhile, foreign currency (FC) debt, grasping the remaining 37.5%, grew by 7.96% y-o-y to stand at $30.6B.

In its turn, net public debt, which excludes public sector deposits at commercial banks and BDL, reached $70.2B in February 2018, climbing by a yearly 6.56%.

Gross Public Debt in February (in $B)

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Source: MoF

 

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