Gross Public Debt Rose to $70.62B in January 2016

According to the Association of Banks in Lebanon (ABL), the Lebanese gross public debt reached $70.62B in January 2016, a 6.08% year-on-year (y-o-y) increase and a 0.43% uptick from that of December 2015.

Debt in LBP, accounting for 61.57% of total gross debt, increased by 5.33% y-o-y to reach $43.48B, while foreign currency (FC) debt, grasping the remaining 38.43%, rose by 7.31% annually to stand at $27.13B.

The Net Public Debt, which excludes the public sector deposits at the Commercial banks and BdL, stood at $61.75B in January 2016, increasing by a yearly 7.49%.

Commercial banks remained the largest subscribers of holders of local currency debt with a share of 44.5% of the total followed by a 38.7% stake for the Central Bank (BDL) and 16.8% for the non-banking system.

Domestic Currency Debt by Type of Holder in January 2016

Gross Public Debt Rose to $70.62B in January 2016Source: ABL

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