The Ministry of Finance (MoF) recently released updated figures of Lebanon’s debt, which revealed an annual uptick in gross public debt during the first four months of the year. Lebanon’s gross debt grew by 5% yer-on-year (YOY) to touch $85.8B by Apr. 2019, owing it to upticks in both foreign and local currency debt.
In details, Total local currency debt (denominated in LBP) increased by 2.69% year-on-year to reach $52.5B. However, its share from total gross public debt slipped from 62.62% by Apr. 2018 to 61.24% by April 2019. Meanwhile, foreign currency debt rose by a yearly 8.8% to settle at $33.2B, constituting 38.8% of total debt by Apr. 2019, instead of 37.4% of total debt in the same period last year.
As for total net public debt which excludes public sector deposits at commercial banks and BDL, it increased by 8.43% year-on-year (YOY) to stand at $77.4B by Apr. 2019.
Gross Public Debt by April (in $B)