Gross Public Debt Rose to $71.21B in February 2016

According to the Association of Banks in Lebanon (ABL), the Lebanese gross public debt reached $71.21B in February 2016, a 2.84% year-on-year (y-o-y) increase.

Debt in LBP, accounting for 61.8% of total gross debt, increased by 5.56% y-o-y to reach $43.99B, while foreign currency (FC) debt, grasping the remaining 38.2%, slid by 1% annually to stand at $27.21B.

The Net Public Debt, which excludes the public sector deposits at the Commercial banks and BDL, stood at $62.13B in February 2016, increasing by a yearly 7.07%.

Commercial banks remained the largest holders of local currency debt with a share of 44.4% of the total followed by a 38.8% stake for the Central Bank (BDL) and 16.7% for the non-banking system.

Domestic Currency Debt by Type of Holder in February 2016

Gross Public Debt Rose to $71.21B in February 2016

Source: Association of Lebanese Banks 

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