Gross Public Debt Up Yearly by 1.4% to reach $101.82B in December 2022

The data released by the Ministry of Finance (MoF) recently indicated that Lebanon’s gross public debt hit $101.82B in December 2022, thereby recording an annual increase of 1.4% YOY.

The rise is mainly attributed to the annual increase in foreign currency debt (namely in USD) by 7.32%, to stand at $41.34B by December 2022. In turn, total foreign debt grasped a stake of 40.6% of the total public debt by December 2022. It is worth mentioning that $14.23B represents the unpaid Eurobonds, their coupons and accrued interests, due to the default on government Eurobonds in March 2020. Meanwhile, debt in local currency (denominated in LBP) fell slightly by 2.24% to stand at $60.48B in December 2022, and constituted 59.4% of the total public debt.

Looking at net domestic debt, which excludes public sector deposits with the central bank and commercial banks, it decreased remarkably by 12.56% YOY to $42.93B in December 2022.

Domestic and Foreign Debt by December 2022 ($B)

Gross Public Debt Up Yearly by 1.4% to reach $101.82B in December 2022

Source: MoF, BLOMINVEST Bank



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