Gross Public Debt Increased to Stand at $74.04B by August 2016

Lebanon’s gross public debt registered a yearly growth of 7.50%, to reach $74.04B by August 2016.

In details, debt in local currency, LBP, grasping around 60.72% of the total gross public debt, witnessed an incline of 5.21% y-o-y to $44.96B, and debt in foreign currency increased 11.22% y-o-y to $29.09B by August 2016.

BDL was the largest holder of local currency debt, with a share of 44.9%, while Lebanese commercial banks and other non-financial sectors held the remaining shares of 38.6% and 16.5%, respectively. Moreover, foreign currency debt was mainly constituted of Eurobonds with a share of 92.6%, while multilateral, bilateral and Paris II loans took respective shares of 3.6%, 3.4%, and 0.1%.

Local Currency Debt by Type of Holder

Gross Public Debt Increased to Stand at $74.04B by August 2016

Source : ABL

 

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