A report issued by Fransabank revealed that due to continued deficit in public finances of the Country, public debt has maintained its upward trend. Total public debt in Lebanon increased by 5.2% from 79.6 billion dollars at the end of August 2017 to reach 83.7 billion dollars at the end of August 2018, which constitutes about 150% of GDP.
Net public debt increased by a similar $72.9 billion over the same period. Domestic debt represented about 57.7% of the total public debt, while external debt constituted 42.3%.
Lebanon's foreign exchange assets declined slightly by 1.1% year-on-year to reach $43.5 billion at the end of September 2018, but remain high and reflect Central Bank’s strong ability to support monetary stability. As for Inflation in Lebanon, it rose 6.3 percent in the first nine months of 2018.
Source (Economic Bulletin website, Edited)
