According to the Ministry of Finance, Lebanon’s gross public debt reached $85.13B by the end of the year, adding an annual 7.06% on the back of the rise in both, local currency debt and foreign currency debt.
In details, local currency debt (denominated in LBP) grasped a stake of 60.66% of total gross debt and recorded an annual 5.10% rise to stand at $51.64B by December 2018.Following the same trend, foreign currency debt rose significantly by a yearly 10.23% to settle at $33.49B, equivalent to 39.34% of Lebanon’s gross debt. As for the net public debt, that excludes public sector deposits at commercial banks and BDL, it increased by 9.2% year-on-year to reach $75.72B by December 2018.
Lebanese Gross Public Debt & its Constituents in December ($B)
Source: MoF