Gross Public Debt Up to $82.5B in May 2018

Lebanon’s gross public debt hit $82.5B in May 2018, registering a surge of 7.53% y-o-y according to the Ministry of Finance (MoF).

Furthermore, Local Currency Debt which forms 56.75% of Total Debt had decreased by 0.49% year-on-year (y-o-y) to $46.82B. In addition, Foreign Currency Debt which constitutes the remaining 43.25% of Total Debt rose by 20.23% y-o-y reaching $35.68B. In fact, in May 2018, the Ministry of Finance swapped $5.5B worth of Eurobonds with Treasury Bills from Banque du Liban’s portfolio.

As for, Net Public Debt which includes the public sector deposits at the Lebanese commercial banks and Lebanese Central Bank (BDL) augmented by 8.53% y-o-y, realizing $72.20B in May 2018.

Gross Public Debt in May (in $M)

Gross Public Debt Up to $82.5B in May 2018

Source: MoF


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