Gross Public Debt Increased by  3.1% YOY to Stand at $86.29B by August 2019

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.

Gross Public Debt Increased by  3.1% YOY to Stand at .29B by August 2019

 

Source: MoF

 

 

 

 

 

Source: MoF

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