Gross Public Debt Touched $84.02B by October 2018

According to the Ministry of Finance, Lebanon’s gross public debt reached $84.02B by the tenth month of the year, adding an annual 7.07%. This increase is mainly owed to the rise in the foreign currency debt.

In details, local currency debt grasped a stake of 57.88% of total gross debt and recorded an annual 1.71% downtick to stand at $48.63B by Oct 2018. On the contrary, foreign currency debt rose significantly by a yearly 22.06% to settle at $35.39B, equivalent to 42.12% of Lebanon’s gross public debt.  As for the net public debt, this excludes public sector deposits at commercial banks and BDL, it increased by 8.83% year-on-year to reach $74.14B at the end of October 2018.

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

 Gross Public Debt Touched $84.02B by October 2018

Source: MoF

Leave a Reply

Your email address will not be published. Required fields are marked *