Gross Public Debt Rose to Reach $72.9B by June 2016

Lebanon’s gross public debt registered a yearly increase of 5.7%, to reach $72.9B by June 2016, its highest level this year.

In details, debt in local currency, LBP, grasping around 60.4% of the total gross public debt, rose by 3.8% y-o-y to $44B, while debt in foreign currency increased 8.6% y-o-y to $28.9B by June 2016.

Lebanese commercial banks constituted the largest holders of local currency debt, with a share of 63%, while BDL and other non-financial sectors held the remaining shares of 22% and 15%, respectively. Moreover, foreign currency debt was mainly comprised in the form of Eurobonds, with a share of 72% of foreign currency debt, Paris II and III loans and multilateral loans, with respective shares of 22% and 9%.

Local Currency Debt by Type of Holder

Gross Public Debt Rose to Reach $72.9B by June 2016

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