According to the data released by the Ministry of Finance (MoF), Lebanese gross public debt increased by an annual 3.6% to settle at $87.09B by October 2019.
In details, local currency debt (denominated in LBP) climbed by a yearly 12.2% to $54.57B. Correspondingly, domestic debt composed 62.66% of gross public debt, up from last year’s 57.88% of total, by October 2018.
Meanwhile, total debt denominated in foreign currency fell by 8.11% year-in-year (YOY) to amount to $32.52B over the same period. In fact, the foreign debt constituted 37.3% of total gross debt, compared to 41.5% by October 2018.
In turn, Lebanon’s total net debt, excluding public sector deposits at commercial banks and the central bank, added 6.2%YOY to $78.74B over the same period.