The latest data released by the Ministry of Finance (MoF) revealed Lebanese gross public debt grew by a yearly 3.1% to touch $86.29B by August 2019.
In details, domestic debt (denominated in LBP) increased by a yearly 11.30% to reach a value of $53.79B. Correspondingly, the share of domestic debt from gross public debt grew from 57.75% by August 2018 to 62.34% by August 2019.
Meanwhile, total foreign currency debt slipped by 8.09% year-in-year (YOY) to amount to $32.5B over the period. In fact, the foreign debt constituted 42.25% of total gross debt by August 2019, compared to 37.66% by August 2018.
As for the total net debt which excludes public sector deposits at commercial banks and the central bank, it increased by 6.48% YOY to stand at $77.58B over the same period.