Gross Public Debt Magnified to Reach $83.84B by 2018’s Q3

According to the Ministry of Finance (MoF), Lebanon’s gross public debt reached $83.84B by Q3 2018, inching up by a yearly 7.28% over the period, owing to increases in both, local and foreign currency debt.

In details, local currency debt (denominated in LBP) grasped a stake of 57.76% of total gross debt and recorded an annual 0.21% uptick to stand at $48.43B by Sept. 2018. Meanwhile, foreign currency debt rose by a yearly 18.74% to settle at $35.41B, equivalent to 42.24% of Lebanon’s gross debt.

As for the net public debt, which excludes public sector deposits at commercial banks and BDL, it increased by 8.28% year-on-year to end the third quarter of 2018 at $73.63B.

Lebanese Gross Public Debt & its Constituents in Q3 ($B)

 Gross Public Debt Magnified to Reach $83.84B by 2018’s Q3

Source: MoF



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