The latest data released by the Ministry of Finance (MoF) revealed Lebanese gross public debt grew by a yearly 3.5% to touch $86.77B in Q3 2019.
In details, domestic debt (denominated in LBP) increased by a yearly 12.08% to reach a value of $54.28B. Correspondingly, the share of domestic debt from gross public debt grew from 57.76% by September 2018 to 62.55% by September 2019.
Meanwhile, total foreign currency debt slipped by 8.22% year-in-year (YOY) to amount to $32.49B over the period. In fact, the foreign debt constituted 41.5% of total gross debt in Q3 2018, compared to 37.4% in Q3 2019.
As for the total net debt which excludes public sector deposits at commercial banks and the central bank, it increased by 6.07% YOY to stand at $78.09B over the same period.