The latest data released by the Ministry of Finance (MoF) revealed Lebanese gross public debt grew by a yearly 3.7% to touch $86B by July 2019.
In details, domestic debt (denominated in LBP) increased by a yearly 12.5% to reach a value of $53.6B. Correspondingly, the share of domestic debt from gross public debt grew from 57.48% by July 2018 to 62.34% by July 2019.
Meanwhile, total foreign currency debt slipped by 8.12% year-in-year (YOY) to amount to $32.4B over the period. In fact, the foreign debt constituted 37.7% of total gross debt by July 2019, compared to 42.5% by July 2018.
As for the total net debt which excludes public sector deposits at commercial banks and the central bank, it increased by 6.35%YOY to stand at $77.1B over the same period.
Source: MoF