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
Source: Association of Lebanese Banks