According to the Association of Banks in Lebanon (ABL), the Lebanese gross public debt stood at $76.13B in February 2017, a 6.91% year-on-year (y-o-y) increase, and a 0.05% downtick from January’s balance.
Debt in LBP, accounting for 62.8% of total gross debt, increased by 8.61% y-o-y to reach $47.79B, while foreign currency (FC) debt, grasping the remaining 37.2%, rose by 4.15% annually to stand at $28.34B.
The Net Public Debt, which excludes the public sector deposits at the commercial banks and BDL, stood at $65.87B in Feb. 2017, increasing by a yearly 6.03%.
The largest subscribers for local currency debt were Commercial Banks, which grasped 44.7% of the total debt, followed by the Central Bank (BDL) share of 40.1% and 15.2% for the non-banking sector.
Local Currency Debt by Type of Holder