Public Debt Up by a Yearly 5.71% to $70.4B by November

According to the Association of Lebanese Banks, gross public debt grew to $70.4B by November 2015 indicating a 5.71% increase on a year-on-year basis and a 2% monthly increase. 

Public debt denominated in Lebanese pounds accounted for 61.5% of overall debt and registered a 5.98% yearly increase to reach $43.32B by November 2015.

As for debt in foreign currencies it increased by 5.29% on a year-on-year basis to reach $27.12B in November 2015.

Net public debt, which excludes public sector deposits at Lebanese commercial banks and at the Central Bank, grew by 7.3% year-on-year and 6.3% since year start to $60.94B by November.  

Lebanese commercial banks remained the top holders of Lebanese public debt denominated in Lebanese Pounds with a share of 46.6%, followed by a stake of 36.6% for the Central Bank of Lebanon and a 16.8% share for the non-banking sector.    

Holders of Lebanon’s Local Currency Debt 

Public Debt Up by a Yearly 5.71% to $70.4B by November

Source: BDL  

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