According to the Association of Lebanese Banks (ABL), Lebanon’s gross public debt stood at $76.72B by May 2017, rising by 2.4% since December 2016 and by 7.33% year-on-year (y-o-y).
Gross public debt denominated in Lebanese Pounds (LBP), which constituted 61.3% of the total gross public debt, registered a 0.6% year-to-date (y-t-d) uptick equivalent to a 7.33% y-o-y growth, to reach $47.04B in the first five months of 2017.
Meanwhile, foreign currency debt (38.7% of total gross debt) climbed by 5.6% since year-start and by a yearly 2.3% to stand at $29.67B by May 2017.
The net public debt, which excludes the public sector deposits at commercial banks and the Central Bank, grew by an annual 6.09% and a 1.7% y-t-d, to reach $66.53B by May 2017.
Entities Financing Lebanon’s Gross Public Debt in LBP in May 2017
Source: ABL