Gross Public Debt Up by 4.8% y-o-y in December 2014

According to data released by the Association of Lebanese Banks, Lebanon’s gross public debt registered a 4.8% yearly growth rate to reach $66.56B in 2014 compared to a double-digit growth rate of 10.1% in 2013. Debt denominated in Lebanese pounds grew by 9.66% y-o-y to $40.96B while debt denominated in foreign currency slipped by 2.04% to $25.60B in December 2014.

Net public debt, which excludes public sector deposits at commercial banks and at the Central Bank, reached $57.60B in December 2014, an 8.25% yearly upturn.

The debt to GDP ratio is estimated to stabilize at 134% in 2014, similar to 2013, according to the Ministry of Finance.

Local Currency Debt by Type of Holder

Gross Public Debt Up by 4.8% y-o-y in December 2014

 

Source: Association of Lebanese Banks

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