Gross Public Debt Up to $81.75B in April 2018

According to the Ministry of Finance (MoF), Lebanon’s gross public debt reached $81.75B in the fourth month of 2018, thereby recording an annual uptick of 6.27%.

In details, local currency debt (denominated in LBP) constituting 62.62% of total gross debt rose by 8.81% year-on-year (y-o-y) to $51.19B. Moreover, foreign currency (FC) debt, grasping the remaining 37.38%, grew by 2.27% y-o-y to stand at $30.56B.

In its turn, net public debt, which excludes public sector deposits at commercial banks and BDL, reached $71.41B in April 2018, climbing by a yearly 7.63%.

Gross Public Debt in April (in $M)

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Source: MoF

 

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