Gross Public Debt in Lebanon Hit $85.32B in January 2019

Figures released by the Ministry of Finance show that Lebanon’s gross public debt reached $85.32B during the first month of 2019, up from $80.39B in January 2019. On an annual basis, gross public debt widened by 6.13% on the back of the rise in both, local currency debt and foreign currency debt.

In details, local currency debt (denominated in LBP) grasped a stake of 60.57% of total gross debt and recorded an annual 3.72% rise to stand at $51.68B by January 2019. Following the same trend, debt in foreign currency rose significantly by a yearly 10.06% to settle at $33.64B, equivalent to 39.43% of Lebanon’s gross debt.  As for the net public debt, that excludes public sector deposits at commercial banks and BDL, it increased by 9.15% year-on-year to reach $75.95B by December 2018.

Lebanese Gross Public Debt & its Constituents in January ($B)

Gross Public Debt in Lebanon Hit .32B in January 2019

 Source: ABL

Leave a Reply

Your email address will not be published. Required fields are marked *